November 27, 2022

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Automotive rocks

Ipswich Investment Management Co. Inc. Sells 400 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

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Ipswich Investment Management Co. Inc. cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 36.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the specialty retailer’s stock after selling 400 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in O’Reilly Automotive were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Clarius Group LLC boosted its holdings in shares of O’Reilly Automotive by 1.8% during the 4th quarter. Clarius Group LLC now owns 969 shares of the specialty retailer’s stock worth $684,000 after buying an additional 17 shares in the last quarter. Corbett Road Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 3.0% during the 4th quarter. Corbett Road Capital Management LLC now owns 628 shares of the specialty retailer’s stock worth $444,000 after buying an additional 18 shares in the last quarter. Brinker Capital Investments LLC boosted its holdings in shares of O’Reilly Automotive by 2.1% during the 4th quarter. Brinker Capital Investments LLC now owns 865 shares of the specialty retailer’s stock worth $611,000 after buying an additional 18 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of O’Reilly Automotive by 1.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,346 shares of the specialty retailer’s stock worth $951,000 after purchasing an additional 19 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of O’Reilly Automotive by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 1,316 shares of the specialty retailer’s stock worth $930,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 82.76% of the company’s stock.

ORLY has been the topic of a number of recent research reports. MKM Partners initiated coverage on O’Reilly Automotive in a report on Thursday, June 23rd. They issued a “buy” rating and a $700.00 target price on the stock. Truist Financial cut their target price on O’Reilly Automotive from $837.00 to $788.00 in a report on Friday, April 29th. Wells Fargo & Company lowered their price target on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. Bank of America raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target for the company in a research report on Tuesday, May 10th. Finally, Citigroup lowered their price target on O’Reilly Automotive from $720.00 to $662.00 in a research report on Friday, May 13th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $721.04.

ORLY stock opened at $657.75 on Thursday. The company has a market capitalization of $43.23 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.54 and a beta of 0.99. O’Reilly Automotive, Inc. has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The stock has a fifty day moving average of $619.22 and a 200-day moving average of $659.82.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share for the quarter, missing the consensus estimate of $7.43 by ($0.26). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. During the same quarter in the previous year, the company posted $7.06 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post 32.68 EPS for the current fiscal year.

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher purchased 835 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the transaction, the chief financial officer now owns 1,897 shares in the company, valued at approximately $1,138,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey Lynn Groves purchased 175 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were acquired at an average price of $572.77 per share, with a total value of $100,234.75. Following the transaction, the senior vice president now owns 721 shares in the company, valued at approximately $412,967.17. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.

About O’Reilly Automotive (Get Rating)

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. 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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)



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