Gilliland Jeter Wealth Management LLC Acquires New Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Gilliland Jeter Wealth Management LLC bought a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 374 shares of the specialty retailer’s stock, valued at approximately $355,000.

Other hedge funds have also bought and sold shares of the company. Groesbeck Investment Management Corp NJ increased its holdings 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 buying an additional 10 shares during the period. Lindbrook Capital LLC increased its stake in shares of O’Reilly Automotive by 3.9% in the 4th 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. Caprock Group LLC increased its position in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 11 shares during the last quarter. Western Pacific Wealth Management LP increased its position in shares of O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 11 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in O’Reilly Automotive by 2.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 11 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares in the company, valued at approximately $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock worth $27,269,333 in the last quarter. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday. UBS Group lifted their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Truist Financial decreased their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,106.31.

O’Reilly Automotive Price Performance

ORLY stock traded down $10.20 during trading hours on Friday, reaching $1,043.93. 335,739 shares of the stock were exchanged, compared to its average volume of 330,021. The firm’s 50-day moving average is $1,097.20 and its 200-day moving average is $1,015.51. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.7 earnings per share for the current year.

O’Reilly Automotive Company 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.