KFG Wealth Management LLC Purchases 14 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KFG Wealth Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443 shares of the specialty retailer’s stock after purchasing an additional 14 shares during the period. KFG Wealth Management LLC’s holdings in O’Reilly Automotive were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of O’Reilly Automotive during the first quarter worth about $36,000. Indiana Trust & Investment Management CO lifted its stake in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at approximately $41,000. Washington Trust Advisors Inc. increased its position in O’Reilly Automotive by 31.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 13 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 13 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 1.6 %

O’Reilly Automotive stock traded down $16.52 during midday trading on Wednesday, hitting $1,020.54. 254,908 shares of the stock were exchanged, compared to its average volume of 399,101. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business’s 50-day moving average price is $1,014.41 and its 200-day moving average price is $1,035.32. The stock has a market capitalization of $60.10 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.28 EPS. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of the company’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 sale, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent analyst reports. Evercore ISI decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Mizuho started coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target for the company. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,116.93.

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.