Resonant Capital Advisors LLC Reduces Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Resonant Capital Advisors LLC reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 762 shares of the specialty retailer’s stock after selling 27 shares during the period. Resonant Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $724,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new stake in shares of O’Reilly Automotive during the second quarter worth about $25,000. Steward Financial Group LLC boosted its holdings in shares of O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 17 shares during the period. Ancora Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $30,000. Carmel Capital Partners LLC boosted its holdings in shares of O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the period. Finally, Compass Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $38,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at approximately $2,400,380. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 in the last three months. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ORLY. Barclays increased their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Wedbush increased their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. UBS Group increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Finally, Truist Financial increased their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,102.53.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,090.94 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a 50 day simple moving average of $1,093.98 and a two-hundred day simple moving average of $1,009.47. The company has a market capitalization of $64.40 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.00 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the firm earned $8.37 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive, Inc. will post 42.09 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.