Welch & Forbes LLC Trims Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Welch & Forbes LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 208,896 shares of the specialty retailer’s stock after selling 3,974 shares during the period. O’Reilly Automotive comprises approximately 3.0% of Welch & Forbes LLC’s portfolio, making the stock its 4th largest position. Welch & Forbes LLC’s holdings in O’Reilly Automotive were worth $198,468,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of O’Reilly Automotive in the third quarter valued at $198,365,000. Assenagon Asset Management S.A. increased its holdings in O’Reilly Automotive by 269.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock worth $205,965,000 after buying an additional 158,075 shares during the last quarter. Loomis Sayles & Co. L P raised its position in O’Reilly Automotive by 360,914.3% during the third quarter. Loomis Sayles & Co. L P now owns 151,626 shares of the specialty retailer’s stock worth $137,807,000 after acquiring an additional 151,584 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in O’Reilly Automotive by 47.4% in the third quarter. Envestnet Asset Management Inc. now owns 213,648 shares of the specialty retailer’s stock valued at $194,176,000 after acquiring an additional 68,728 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now directly owns 950 shares in the company, valued at $987,316. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was 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 $1,000,200.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock worth $27,269,333. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Up 0.3 %

O’Reilly Automotive stock traded up $3.14 during midday trading on Monday, reaching $1,016.09. The company’s stock had a trading volume of 348,334 shares, compared to its average volume of 377,116. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The business has a 50-day moving average price of $1,092.98 and a 200-day moving average price of $1,020.59. The stock has a market cap of $59.98 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.28 earnings per share. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 41.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. UBS Group boosted their target price on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Wells Fargo & Company reduced their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Evercore ISI lowered their price target on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Truist Financial decreased their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,110.07.

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.