Pinnacle Wealth Management Advisory Group LLC Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pinnacle Wealth Management Advisory Group LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.1% in the fourth quarter, HoldingsChannel reports. The firm owned 259 shares of the specialty retailer’s stock after selling 61 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in O’Reilly Automotive were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Pension Service lifted its stake in shares of O’Reilly Automotive by 2.2% during the 4th quarter. National Pension Service now owns 113,019 shares of the specialty retailer’s stock worth $107,377,000 after purchasing an additional 2,461 shares during the last quarter. Meridian Wealth Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 1.6% during the 4th quarter. Meridian Wealth Advisors LLC now owns 4,802 shares of the specialty retailer’s stock worth $4,562,000 after purchasing an additional 77 shares during the last quarter. Barlow Wealth Partners Inc. acquired a new position in O’Reilly Automotive during the fourth quarter worth $429,000. Charles Schwab Investment Management Inc. raised its holdings in shares of O’Reilly Automotive by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 345,028 shares of the specialty retailer’s stock worth $327,804,000 after acquiring an additional 3,136 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Wells Fargo & Company dropped their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Mizuho initiated coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

Insider Activity at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the sale, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock worth $33,391,813 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock traded up $11.05 during midday trading on Thursday, reaching $1,031.39. The stock had a trading volume of 136,858 shares, compared to its average volume of 373,570. The stock’s 50-day simple moving average is $1,091.76 and its 200 day simple moving average is $1,021.39. The stock has a market capitalization of $60.88 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company posted $8.28 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current fiscal year.

About O’Reilly Automotive

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, Puerto Rico, and Mexico. 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.