First Trust Direct Indexing L.P. Boosts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

First Trust Direct Indexing L.P. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,099 shares of the specialty retailer’s stock after buying an additional 220 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in O’Reilly Automotive were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC increased its stake in 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 valued at $34,000 after purchasing an additional 35 shares during the last quarter. Washington Trust Advisors Inc. increased its position in O’Reilly Automotive by 31.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after buying an additional 13 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of O’Reilly Automotive by 29.5% during the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 13 shares during the period. First Financial Corp IN boosted its holdings in shares of O’Reilly Automotive by 38.6% during the fourth quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 17 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 57.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 63 shares of the specialty retailer’s stock worth $57,000 after acquiring an additional 23 shares during the period. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ORLY. Mizuho initiated coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Truist Financial reduced their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Wells Fargo & Company lowered their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. UBS Group boosted their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,110.07.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,012.95 on Friday. The firm has a market cap of $59.79 billion, a PE ratio of 25.71, a P/E/G ratio of 1.89 and a beta of 0.90. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The firm has a 50 day simple moving average of $1,094.80 and a 200 day simple moving average of $1,018.16.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion during 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.28 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the company’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 transaction of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive 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.