Simplicity Wealth LLC Makes New Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Simplicity Wealth LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 240 shares of the specialty retailer’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. JPL Wealth Management LLC purchased a new position in O’Reilly Automotive in the 4th quarter valued at approximately $3,123,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of O’Reilly Automotive by 824.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock worth $4,276,000 after acquiring an additional 3,216 shares during the period. Assetmark Inc. grew its position in shares of O’Reilly Automotive by 13.2% in the fourth quarter. Assetmark Inc. now owns 21,032 shares of the specialty retailer’s stock valued at $24,940,000 after purchasing an additional 2,452 shares in the last quarter. Versor Investments LP bought a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $827,000. Finally, Proficio Capital Partners LLC lifted its holdings in O’Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock worth $597,602,000 after purchasing an additional 503,720 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ORLY shares. Barclays lifted their target price on O’Reilly Automotive from $83.33 to $86.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Guggenheim reaffirmed a “buy” rating and set a $98.33 price objective on shares of O’Reilly Automotive in a research note on Monday, March 10th. Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. DA Davidson raised their price target on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the company a “buy” rating in a report on Friday, April 25th. Finally, Wall Street Zen raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $94.30.

O’Reilly Automotive Stock Up 1.2%

Shares of ORLY stock opened at $91.05 on Friday. The business has a 50-day moving average price of $91.33 and a two-hundred day moving average price of $87.75. O’Reilly Automotive, Inc. has a 12-month low of $65.92 and a 12-month high of $97.22. The firm has a market cap of $5.19 billion, a P/E ratio of 2.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.60.

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

Insider Activity

In other O’Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president now owns 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,285 shares of company stock valued at $3,022,386. Corporate insiders own 1.01% of the company’s stock.

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.