SignalPoint Asset Management LLC Has $35.72 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

SignalPoint Asset Management LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,142 shares of the specialty retailer’s stock after selling 826 shares during the period. O’Reilly Automotive accounts for about 11.3% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its biggest position. SignalPoint Asset Management LLC owned about 0.08% of O’Reilly Automotive worth $35,715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ORLY. Lloyd Advisory Services LLC. bought a new position in O’Reilly Automotive in the first quarter worth approximately $26,000. Riverview Trust Co bought a new stake in O’Reilly Automotive during the 1st quarter valued at $27,000. Atlas Capital Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $30,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $28,000. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 125.6% during the 1st quarter. Mascoma Wealth Management LLC now owns 97 shares of the specialty retailer’s stock valued at $66,000 after purchasing an additional 54 shares during the last quarter. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.3 %

NASDAQ ORLY traded up $2.09 on Friday, reaching $709.01. The stock had a trading volume of 330,430 shares, compared to its average volume of 452,408. The firm has a market capitalization of $46.60 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.79 and a beta of 1.00. O’Reilly Automotive, Inc. has a 12-month low of $562.90 and a 12-month high of $748.68. The stock has a fifty day moving average price of $650.33 and a two-hundred day moving average price of $659.61.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $8.33 EPS. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 31.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 1,649 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $710.58, for a total value of $1,171,746.42. Following the completion of the transaction, the chairman now owns 8,214 shares in the company, valued at $5,836,704.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jeremy Adam Fletcher bought 835 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the purchase, the chief financial officer now owns 1,897 shares in the company, valued at approximately $1,138,200. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Gregory L. Henslee sold 1,649 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $710.58, for a total transaction of $1,171,746.42. Following the transaction, the chairman now owns 8,214 shares of the company’s stock, valued at approximately $5,836,704.12. The disclosure for this sale can be found here. Insiders sold a total of 9,094 shares of company stock worth $6,384,893 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. The Goldman Sachs Group raised their target price on O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial lowered their price objective on O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Royal Bank of Canada lowered their price objective on O’Reilly Automotive from $806.00 to $795.00 in a report on Friday, July 29th. Finally, MKM Partners lifted their price objective on O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $749.23.

About O’Reilly Automotive

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O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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