Litman Gregory Wealth Management LLC Has $2.56 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Litman Gregory Wealth Management LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 32.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,698 shares of the specialty retailer’s stock after purchasing an additional 662 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in O’Reilly Automotive were worth $2,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ORLY. Cornerstone Planning Group LLC acquired a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $25,000. Steward Financial Group LLC increased its position in O’Reilly Automotive by 141.7% in the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the period. Ancora Advisors LLC acquired a new position in O’Reilly Automotive in the 4th quarter valued at approximately $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in O’Reilly Automotive in the 3rd quarter valued at approximately $34,000. Finally, Carmel Capital Partners LLC increased its position in O’Reilly Automotive by 1,750.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 35 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. Evercore ISI decreased their price target on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays upped their price objective on shares of 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. The Goldman Sachs Group upped their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada upped their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Truist Financial upped their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,102.53.

O’Reilly Automotive Trading Down 0.9 %

NASDAQ ORLY traded down $10.12 on Friday, hitting $1,090.94. 316,380 shares of the company were exchanged, compared to its average volume of 365,833. The company has a market cap of $64.40 billion, a PE ratio of 28.35, a PEG ratio of 1.99 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. The stock has a fifty day moving average of $1,093.98 and a 200-day moving average of $1,009.47.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating 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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the firm earned $8.37 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares in the company, valued at $1,000,200.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.55% of the company’s stock.

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.