Valmark Advisers Inc. Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Valmark Advisers Inc. boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 277 shares of the specialty retailer’s stock after purchasing an additional 14 shares during the period. Valmark Advisers Inc.’s holdings in O’Reilly Automotive were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ORLY. Steward Financial Group LLC increased its position in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Carmel Capital Partners LLC increased its position in O’Reilly Automotive by 1,750.0% during the 3rd 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 period. Arlington Trust Co LLC purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth approximately $39,000. Washington Trust Advisors Inc. grew its position in shares of O’Reilly Automotive by 31.0% in the 4th 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 last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of O’Reilly Automotive by 29.5% in the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY opened at $1,043.93 on Monday. The firm has a fifty day moving average price of $1,097.20 and a 200 day moving average price of $1,016.90. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a market cap of $61.62 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.91 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $8.28 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.79 EPS for the current year.

Insider Buying and Selling

In other news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ORLY shares. Truist Financial cut their price objective on shares of 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. Mizuho started coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of 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. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.