O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,494 shares of the specialty retailer’s stock after selling 649 shares during the quarter. O’Reilly Automotive comprises about 3.5% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 7th largest holding. L. Roy Papp & Associates LLP’s holdings in O’Reilly Automotive were worth $30,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC grew its holdings in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the third quarter worth $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORLY. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Guggenheim raised their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Truist Financial raised their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Trading Up 1.1 %

Shares of ORLY stock opened at $1,323.94 on Wednesday. The firm’s fifty day moving average price is $1,243.39 and its two-hundred day moving average price is $1,190.81. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The firm has a market capitalization of $76.43 billion, a P/E ratio of 32.56, a PEG ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

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.