Legacy Bridge LLC Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Legacy Bridge LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 180.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56 shares of the specialty retailer’s stock after acquiring an additional 36 shares during the quarter. Legacy Bridge LLC’s holdings in O’Reilly Automotive were worth $47,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $28,000. Riverview Trust Co raised its position in O’Reilly Automotive by 56.5% during the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Northern Oak Wealth Management Inc. purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $40,000. New Millennium Group LLC purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $46,000. Finally, Central Bank & Trust Co. purchased a new position in O’Reilly Automotive during the third quarter valued at approximately $55,000. 90.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ORLY shares. Oppenheimer boosted their price objective on O’Reilly Automotive from $800.00 to $890.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $850.00 to $925.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Barclays started coverage on O’Reilly Automotive in a research report on Tuesday, February 7th. They issued an “equal weight” rating and a $815.00 price objective for the company. Truist Financial boosted their price objective on O’Reilly Automotive from $892.00 to $921.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Finally, Stephens restated an “overweight” rating and issued a $900.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $859.60.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $797.87 on Friday. The business’s 50 day moving average price is $821.43 and its 200-day moving average price is $796.74. The firm has a market capitalization of $49.33 billion, a PE ratio of 23.82, a P/E/G ratio of 1.73 and a beta of 0.88. O’Reilly Automotive, Inc. has a 1 year low of $562.90 and a 1 year high of $873.94.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.71 by $0.66. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.50 billion. O’Reilly Automotive had a negative return on equity of 234.76% and a net margin of 15.08%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $7.64 earnings per share. As a group, analysts expect that O’Reilly Automotive, Inc. will post 36.62 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 500 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $834.31, for a total transaction of $417,155.00. Following the transaction, the senior vice president now owns 768 shares of the company’s stock, valued at $640,750.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.73% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.