Kendall Capital Management Decreases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kendall Capital Management trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,893 shares of the specialty retailer’s stock after selling 99 shares during the period. Kendall Capital Management’s holdings in O’Reilly Automotive were worth $1,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Family Investments Inc. lifted its holdings in O’Reilly Automotive by 2.1% in the 2nd quarter. West Family Investments Inc. now owns 533 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 11 shares in the last quarter. Caprock Group LLC increased its stake in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock valued at $432,000 after acquiring an additional 11 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in shares of O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after acquiring an additional 11 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 11 shares during the last quarter. Finally, Atlas Brown Inc. increased its position in O’Reilly Automotive by 2.8% during the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer’s stock worth $380,000 after purchasing an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORLY. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Barclays increased their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,090.76.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,468 shares of company stock valued at $28,769,333. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Down 0.2 %

NASDAQ ORLY traded down $2.17 during trading hours on Wednesday, hitting $1,093.57. The company had a trading volume of 72,426 shares, compared to its average volume of 366,583. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The business has a fifty day simple moving average of $1,086.68 and a 200-day simple moving average of $1,001.08. The firm has a market cap of $64.55 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.

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

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.