Barlow Wealth Partners Inc. Acquires Shares of 452 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Barlow Wealth Partners Inc. bought a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 452 shares of the specialty retailer’s stock, valued at approximately $429,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of O’Reilly Automotive by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 345,028 shares of the specialty retailer’s stock worth $327,804,000 after acquiring an additional 3,136 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in O’Reilly Automotive during the fourth quarter valued at $219,000. Peregrine Asset Advisers Inc. bought a new position in shares of O’Reilly Automotive in the 4th quarter worth about $3,492,000. Apollon Wealth Management LLC boosted its holdings in shares of O’Reilly Automotive by 45.0% in the 4th quarter. Apollon Wealth Management LLC now owns 4,040 shares of the specialty retailer’s stock valued at $3,838,000 after buying an additional 1,253 shares during the period. Finally, Lincoln National Corp grew its position in shares of O’Reilly Automotive by 5.7% during the 4th quarter. Lincoln National Corp now owns 354 shares of the specialty retailer’s stock valued at $336,000 after buying an additional 19 shares during 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 analysts recently commented on ORLY shares. The Goldman Sachs Group upped their price objective on 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. Mizuho began coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday. Finally, Truist Financial decreased their price target on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,110.07.

Insider Activity

In other news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $33,391,813 in the last 90 days. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY traded up $4.62 during trading on Tuesday, reaching $1,020.71. The company had a trading volume of 396,747 shares, compared to its average volume of 377,339. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.91 and a beta of 0.90. The firm’s 50-day simple moving average is $1,091.76 and its 200 day simple moving average is $1,021.39.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the business earned $8.28 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.92 EPS for the current 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.