Hardy Reed LLC buys 40 shares of O’Reilly Automotive, Inc. (NASDAQ: ORLY)


Hardy Reed LLC increased its stake in O’Reilly Automotive, Inc. (NASDAQ: ORLY – Get Rating) by 4.3% during Q1, Holdings Channel reports. The fund held 970 shares of the specialty retailer’s stock after acquiring an additional 40 shares during the period. Hardy Reed LLC’s holdings in O’Reilly Automotive were worth $664,000 when it last filed with the Securities & Exchange Commission.

Several other big investors have also recently bought and sold stocks. Shaker Investments LLC OH increased its stake in O’Reilly Automotive by 0.6% in the 1st quarter. Shaker Investments LLC OH now owns 4,041 shares of the specialty retailer valued at $2,768,000 after acquiring 26 additional shares during the period. Todd Asset Management LLC purchased a new stock position in O’Reilly Automotive during the first quarter for a value of approximately $22,771,000. Baker Tilly Wealth Management LLC increased its stake in O’Reilly Automotive shares by 26.3% during the first quarter. Baker Tilly Wealth Management LLC now owns 1,630 shares of the specialty retailer worth $1,116,000 after purchasing 339 additional shares during the period. Kornitzer Capital Management Inc. KS bought a new stock position in O’Reilly Automotive during the first quarter for a value of approximately $801,000. Finally, Ninety One North America Inc. increased its stake in O’Reilly Automotive shares by 1.0% during the first quarter. Ninety One North America Inc. now owns 7,480 shares of the specialty retailer worth $5,124,000 after purchasing an additional 75 shares during the period. 82.76% of the shares are held by institutional investors.

Analysts set new price targets

Several brokerages have recently commented on ORLY. StockNews.com began covering O’Reilly Automotive shares in a report on Thursday, March 31. They set a “buy” rating on the stock. DA Davidson moved O’Reilly Automotive shares from a “neutral” rating to a “buy” rating and raised its target price for the stock from $700.00 to $740.00 in a report from the Wednesday, June 29. Bank of America downgraded O’Reilly Automotive shares from a ‘neutral’ to a ‘buy’ rating and set a price target of $730.00 on the stock in a Tuesday research note May 10. Citigroup reduced its price target on O’Reilly Automotive shares from $720.00 to $662.00 in a Friday, May 13 research note. Finally, Truist Financial cut its price target on O’Reilly Automotive shares from $837.00 to $788.00 in a Friday, April 29 research note. Five equity research analysts gave the stock a hold rating and eleven gave the company a buy rating. According to MarketBeat data, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $721.04.

Insider buying and selling

In related news, SVP Jeffrey Lynn Groves acquired 175 shares of the stock in a trade dated Monday, May 23. The stock was purchased at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the transaction, the senior vice president now directly owns 721 shares of the company, valued at $412,967.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Separately, CFO Jeremy Adam Fletcher bought 835 shares of the company in a trade on Friday, May 20. The shares were acquired at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the transaction, the CFO now owns 1,897 shares of the company, valued at approximately $1,138,200. The purchase was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, SVP Jeffrey Lynn Groves purchased 175 shares of the company in a transaction that took place on Monday, May 23. The shares were acquired at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the transaction, the senior vice president now owns 721 shares of the company, valued at $412,967.17. Disclosure of this purchase can be found here. 1.73% of the shares are held by insiders.

O’Reilly Auto Price Performance

Shares of O’Reilly Automotive opened at $689.96 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The company has a market capitalization of $45.35 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.63 and a beta of 0.99. The company’s 50-day moving average price is $631.04 and its two-hundred-day moving average price is $658.51.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last reported results on Wednesday, April 27. The specialty retailer reported earnings per share of $7.17 for the quarter, missing analyst consensus estimates of $7.43 per ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company posted revenue of $3.30 billion in the quarter, versus analyst estimates of $3.28 billion. In the same quarter of the previous year, the company achieved EPS of $7.06. On average, analysts expect O’Reilly Automotive, Inc. to post earnings per share of 32.68 for the current year.

O’Reilly Automotive Company Profile

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O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive parts, tools, supplies, equipment and accessories in the United States. The company provides new and reconditioned auto parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, transmission parts, engine, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, oil and brushes. wiper; and accessories, including floor mats, seat covers and truck accessories.

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Want to see what other hedge funds hold in ORLY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating).

Institutional ownership by quarter for O'Reilly Automotive (NASDAQ:ORLY)



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