F M Investments LLC Sells 18 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

F M Investments LLC reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,514 shares of the specialty retailer’s stock after selling 18 shares during the period. F M Investments LLC’s holdings in O’Reilly Automotive were worth $12,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ORLY. Principal Securities Inc. lifted its holdings in shares of O’Reilly Automotive by 8.0% in the 3rd quarter. Principal Securities Inc. now owns 2,535 shares of the specialty retailer’s stock worth $2,919,000 after buying an additional 188 shares during the period. Oak Ridge Investments LLC grew its holdings in O’Reilly Automotive by 4.3% during the 3rd quarter. Oak Ridge Investments LLC now owns 12,576 shares of the specialty retailer’s stock worth $14,483,000 after acquiring an additional 513 shares in the last quarter. Congress Asset Management Co. increased its position in O’Reilly Automotive by 7.9% during the 3rd quarter. Congress Asset Management Co. now owns 133,885 shares of the specialty retailer’s stock valued at $154,182,000 after purchasing an additional 9,838 shares during the period. Palumbo Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 3.1% in the 3rd quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock worth $1,886,000 after purchasing an additional 50 shares during the period. Finally, Solidarity Wealth LLC boosted its stake in shares of O’Reilly Automotive by 23.0% during the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after purchasing an additional 1,607 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,370 shares of company stock valued at $18,333,966 in the last three months. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORLY shares. TD Cowen lifted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays raised their price target on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. UBS Group reduced their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Roth Mkm restated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock traded down $6.55 during trading on Friday, hitting $1,146.59. 496,806 shares of the company’s stock were exchanged, compared to its average volume of 375,495. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,221.18. The stock has a market capitalization of $66.51 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.36 and a beta of 0.92. The business has a 50-day simple moving average of $1,154.60 and a 200-day simple moving average of $1,084.97.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $10.72 EPS. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

O’Reilly Automotive Company Profile

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.