As of the first quarter in September 2023, Barr E S & Co. has reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.9%, as stated in the company’s latest filing with the Securities & Exchange Commission. The fund now owns 16,195 shares of the specialty retailer’s stock after selling 485 shares during the period. O’Reilly Automotive constitutes 1.1% of Barr E S & Co.’s investment portfolio, placing it as their 27th largest holding. According to the most recent reporting period, Barr E S & Co.’s holdings in O’Reilly Automotive were valued at $13,749,000.
O’Reilly Automotive recently released its quarterly earnings data on July 27th, revealing that for the quarter, it recorded earnings per share of $10.22. This exceeded the consensus estimate of $10.05 by $0.17. Additionally, O’Reilly Automotive reported a net margin of 14.84% and a negative return on equity of 163.68%. The firm generated $4.07 billion in revenue during the quarter, surpassing analysts’ expectations of $4.01 billion. Comparing these figures to the same period last year, the company’s quarterly revenue showed a growth rate of 10.8%. Analysts predict that O’Reilly Automotive, Inc., will post earnings per share of $37.64 for the current year.
In other news related to stock transactions within O’Reilly Automotive, Senior Vice President Wild Tamara F. De sold 549 shares on August 30th at an average price of $955.50 for a total transaction value of $524,569.50Facebook ರವರು ಹೇಳಿದ್ದನ್ನೆ Twitter ನಲ್ಲಿ ಹೇಳಿದ್ದು . Following this sale, De now holds 349 shares of the company’s stock, valued at $333,469.50. The event was disclosed in a filing with the Securities & Exchange Commission and can be accessed through their website. Furthermore, Chairman Gregory L. Henslee sold 200 shares on August 4th at an average price of $935.20 for a total transaction value of $187,040.00. Currently, the chairman owns 8,378 shares in the company which amounts to $7,835,105.60 in value. This sale was also documented and filed with the Securities & Exchange Commission.
Over the last three months, insiders have sold 24,241 shares of O’Reilly Automotive stock with a value totaling $22,733,544. This amounts to approximately 1.55% of the company’s stock being sold by insiders during this period.
Note: The information provided is based on data available as of September 10th, 2023.
Institutional Investors Show Interest in O’Reilly Automotive as Stock Price Rises
As of September 10, 2023, O’Reilly Automotive, Inc. continues to attract the attention of various institutional investors who are either adding to or reducing their stakes in the company. Ancora Advisors LLC purchased a new stake in the fourth quarter worth $30,000, while Venturi Wealth Management LLC and HHM Wealth Advisors LLC each acquired new stakes in the first quarter valued at approximately $31,000 and $33,000 respectively.
Significantly, Arlington Partners LLC significantly increased its stake in O’Reilly Automotive by a staggering 616.7% during the first quarter. The firm now owns 43 shares of the specialty retailer’s stock with a value of $37,000 after purchasing an additional 37 shares in the last quarter. Compass Wealth Management LLC also joined the group of investors by purchasing a new stake in shares of O’Reilly Automotive during the fourth quarter for about $38,000.
With these recent investments from institutional investors, it is noteworthy that they collectively own 82.92% of O’Reilly Automotive’s total stock.
Moving forward to September 10th trading activity, shares of ORLY saw an increase of $12.55 during mid-day trading and reached a price of $958.36. A total of 479,544 shares were traded that day compared to its average volume of 310,440 shares. It should be noted that this movement aligns with the company’s one year low of $680.00 and high of $975.72.
The market capitalization for O’Reilly Automotive currently stands at an impressive $57.75 billion with a price-to-earnings ratio (P/E ratio) of 26.59 and a P/E/G ratio (price-to-earnings growth ratio) of 1.88 – indicating potential growth opportunities for investors interested in this particular stock.
Numerous equities research analysts have weighed in on O’Reilly Automotive in recent times. Wells Fargo & Company, for instance, raised its target price on the company’s shares from $985.00 to $1,075.00 in a research note published on July 20th. Similarly, Citigroup has also increased its target price from $916.00 to $983.00 in another research note dated July 17th.
Additionally, William Blair initiated coverage of O’Reilly Automotive on August 3rd and firmly supported the stock with an “outperform” rating. Evercore ISI joined the group by raising their target price from $990.00 to $1,010.00 and giving the stock an “outperform” rating as well.
However, not all analysts are bullish on O’Reilly Automotive’s prospects. Wedbush increased their target price from $920.00 to $940.00 but maintained a “neutral” rating on the stock in a research note released on July 27th.
In conclusion, based on consensus data from Bloomberg and these various research notes, O’Reilly Automotive currently holds a “Moderate Buy” consensus rating with an average target price of $971.40 among analysts.
As we move forward into the market landscape of September 2023, it will be interesting to observe how these investment decisions and analyst perspectives shape O’Reilly Automotive’s future performance and investor sentiment in the coming months.