Hennion & Walsh Asset Management Inc. Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 75.0% in the third quarter, HoldingsChannel.com reports. The firm owned 280 shares of the specialty retailer’s stock after selling 839 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in O’Reilly Automotive were worth $322,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORLY. Miracle Mile Advisors LLC boosted its position in shares of O’Reilly Automotive by 41.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 435 shares of the specialty retailer’s stock worth $491,000 after purchasing an additional 128 shares during the period. Valeo Financial Advisors LLC lifted its holdings in O’Reilly Automotive by 21.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,002 shares of the specialty retailer’s stock worth $1,131,000 after buying an additional 174 shares in the last quarter. Lake Street Private Wealth LLC lifted its holdings in O’Reilly Automotive by 76.0% during the 1st quarter. Lake Street Private Wealth LLC now owns 447 shares of the specialty retailer’s stock worth $505,000 after buying an additional 193 shares in the last quarter. Norden Group LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth approximately $5,771,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in O’Reilly Automotive by 9.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,200 shares of the specialty retailer’s stock worth $1,355,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,370 shares of company stock valued at $18,333,966. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,175.90 on Wednesday. The firm’s fifty day moving average price is $1,153.01 and its 200 day moving average price is $1,083.41. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $10.72 earnings per share. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive 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.