NorthCrest Asset Manangement LLC Purchases 19 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

NorthCrest Asset Manangement LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,173 shares of the specialty retailer’s stock after purchasing an additional 19 shares during the period. NorthCrest Asset Manangement LLC’s holdings in O’Reilly Automotive were worth $3,351,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORLY. Groesbeck Investment Management Corp NJ boosted its stake in O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after purchasing an additional 10 shares during the period. Lindbrook Capital LLC boosted its position in shares of O’Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of O’Reilly Automotive by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its stake in O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC increased its holdings in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,589 shares of company stock valued at $39,989,614. 1.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of several research reports. UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Evercore ISI dropped their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Truist Financial upped their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada cut their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,130.67.

O’Reilly Automotive Trading Up 0.6 %

Shares of ORLY stock traded up $6.19 during trading hours on Wednesday, reaching $1,120.91. 78,090 shares of the stock were exchanged, compared to its average volume of 394,841. The firm has a market capitalization of $66.01 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company’s 50-day moving average price is $1,056.59 and its 200-day moving average price is $1,058.02.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $10.22 EPS. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.14 EPS for the current year.

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.