KFG Wealth Management LLC Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KFG Wealth Management LLC lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 429 shares of the specialty retailer’s stock after selling 11 shares during the period. KFG Wealth Management LLC’s holdings in O’Reilly Automotive were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fortune Financial Advisors LLC grew its holdings in O’Reilly Automotive by 2.4% during the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 57 shares in the last quarter. SignalPoint Asset Management LLC grew its holdings in O’Reilly Automotive by 3.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after purchasing an additional 1,642 shares in the last quarter. NewEdge Wealth LLC grew its holdings in O’Reilly Automotive by 13.6% during the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock valued at $32,509,000 after purchasing an additional 4,101 shares in the last quarter. HB Wealth Management LLC grew its holdings in O’Reilly Automotive by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after purchasing an additional 114 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in O’Reilly Automotive by 10.8% during the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock valued at $31,579,000 after purchasing an additional 3,385 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, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the director now owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ORLY shares. Wedbush raised their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. The Goldman Sachs Group raised their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Finally, Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,102.53.

O’Reilly Automotive Trading Down 0.9 %

NASDAQ:ORLY traded down $10.12 during mid-day trading on Friday, hitting $1,090.94. The stock had a trading volume of 316,380 shares, compared to its average volume of 365,833. The stock has a market capitalization of $64.40 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.99 and a beta of 0.86. The company has a 50 day simple moving average of $1,092.68 and a 200-day simple moving average of $1,008.14. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the firm earned $8.37 EPS. O’Reilly Automotive’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current 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.