Wealth Enhancement Advisory Services LLC Has $37.21 Million Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Wealth Enhancement Advisory Services LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 119.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,378 shares of the specialty retailer’s stock after buying an additional 198,518 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in O’Reilly Automotive were worth $37,214,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ORLY. Inspire Advisors LLC boosted its stake in O’Reilly Automotive by 5.4% in the 3rd quarter. Inspire Advisors LLC now owns 14,676 shares of the specialty retailer’s stock worth $1,582,000 after purchasing an additional 748 shares during the period. Intrua Financial LLC bought a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $209,000. Capital Advisory Group Advisory Services LLC raised its holdings in O’Reilly Automotive by 2.5% during the third quarter. Capital Advisory Group Advisory Services LLC now owns 5,595 shares of the specialty retailer’s stock worth $603,000 after acquiring an additional 135 shares in the last quarter. Quantum Portfolio Management LLC boosted its position in O’Reilly Automotive by 55.5% during the third quarter. Quantum Portfolio Management LLC now owns 38,869 shares of the specialty retailer’s stock valued at $4,190,000 after purchasing an additional 13,879 shares during the last quarter. Finally, Amalgamated Bank grew its stake in O’Reilly Automotive by 0.6% in the third quarter. Amalgamated Bank now owns 196,065 shares of the specialty retailer’s stock valued at $21,138,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $95.29 on Wednesday. O’Reilly Automotive, Inc. has a one year low of $82.11 and a one year high of $108.71. The business’s 50 day simple moving average is $95.39 and its 200 day simple moving average is $98.69. The stock has a market capitalization of $80.43 billion, a PE ratio of 33.01, a PEG ratio of 2.01 and a beta of 0.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the previous year, the business earned $11.41 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the transaction, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the sale, the senior vice president directly owned 4,792 shares of the company’s stock, valued at approximately $485,190. This trade represents a 42.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group set a $121.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 24th. Morgan Stanley set a $110.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Evercore ISI set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Finally, Barclays set a $91.00 target price on O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $111.80.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.