Avenir Corp Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avenir Corp trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,225 shares of the specialty retailer’s stock after selling 1,483 shares during the quarter. O’Reilly Automotive accounts for 6.8% of Avenir Corp’s holdings, making the stock its 5th largest holding. Avenir Corp owned 0.14% of O’Reilly Automotive worth $78,121,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Power Corp of Canada bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth $236,000. Left Brain Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 6.8% during the fourth quarter. Left Brain Wealth Management LLC now owns 504 shares of the specialty retailer’s stock worth $479,000 after buying an additional 32 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth $423,000. Bridgewater Associates LP grew its stake in shares of O’Reilly Automotive by 30.0% during the fourth quarter. Bridgewater Associates LP now owns 30,218 shares of the specialty retailer’s stock worth $28,710,000 after buying an additional 6,971 shares during the last quarter. Finally, Symmetry Investments LP bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth $429,000. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business’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 completion of the sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the business’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 completion of the sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Up 2.6 %

ORLY traded up $24.89 during midday trading on Tuesday, hitting $1,000.03. The company had a trading volume of 635,514 shares, compared to its average volume of 388,131. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The company has a market capitalization of $58.89 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.80 and a beta of 0.89. The stock’s 50 day moving average price is $1,029.40 and its 200 day moving average price is $1,027.45.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that O’Reilly Automotive, Inc. will post 41.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORLY. Truist Financial cut their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. Wells Fargo & Company cut their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,123.64.

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.