Contravisory Investment Management Inc. Has $542,000 Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Contravisory Investment Management Inc. trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480 shares of the specialty retailer’s stock after selling 33 shares during the period. Contravisory Investment Management Inc.’s holdings in O’Reilly Automotive were worth $542,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $36,000. Washington Trust Advisors Inc. lifted its holdings in O’Reilly Automotive by 31.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 13 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 13 shares during the last quarter. First Financial Corp IN lifted its holdings in shares of O’Reilly Automotive by 38.6% during the fourth quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock worth $58,000 after buying an additional 17 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in O’Reilly Automotive by 81.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 67 shares of the specialty retailer’s stock valued at $63,000 after purchasing an additional 30 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORLY shares. Evercore ISI raised their price objective on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial reduced their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. UBS Group raised their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,123.64.

Insider Activity at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on 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 owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,081.79 on Monday. The firm’s 50-day moving average price is $1,019.81 and its 200-day moving average price is $1,030.85. The company has a market capitalization of $63.71 billion, a PE ratio of 27.46, a P/E/G ratio of 1.98 and a beta of 0.89. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.28 EPS. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal 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.