Everhart Financial Group Inc. Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Everhart Financial Group Inc. acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 235 shares of the specialty retailer’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carolinas Wealth Consulting LLC lifted its stake in O’Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 8 shares in the last quarter. Marcum Wealth LLC lifted its stake in O’Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 8 shares in the last quarter. Alcosta Capital Management Inc. lifted its stake in O’Reilly Automotive by 0.3% during the 4th quarter. Alcosta Capital Management Inc. now owns 3,156 shares of the specialty retailer’s stock valued at $3,742,000 after acquiring an additional 9 shares in the last quarter. Forum Financial Management LP lifted its stake in O’Reilly Automotive by 1.5% during the 4th quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer’s stock valued at $739,000 after acquiring an additional 9 shares in the last quarter. Finally, FFT Wealth Management LLC increased its position in shares of O’Reilly Automotive by 3.2% during the 4th quarter. FFT Wealth Management LLC now owns 319 shares of the specialty retailer’s stock valued at $378,000 after purchasing an additional 10 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Najera Jose A. Montellano sold 285 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the transaction, the director now directly owns 4,560 shares of the company’s stock, valued at $419,216. The trade was a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock worth $3,022,386 over the last ninety days. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 1.3%

Shares of ORLY opened at $89.91 on Friday. The business’s 50-day moving average price is $91.37 and its 200-day moving average price is $87.83. O’Reilly Automotive, Inc. has a twelve month low of $66.94 and a twelve month high of $97.22. The stock has a market cap of $5.12 billion, a PE ratio of 2.21, a P/E/G ratio of 2.34 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of O’Reilly Automotive in a research report on Thursday, April 24th. UBS Group raised their target price on O’Reilly Automotive from $102.33 to $105.33 and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays raised their target price on O’Reilly Automotive from $83.33 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on O’Reilly Automotive from $95.00 to $103.33 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Finally, BMO Capital Markets raised their target price on O’Reilly Automotive from $96.67 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $94.30.

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.