Tandem Investment Advisors Inc. Has $6.24 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Tandem Investment Advisors Inc. trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,353 shares of the specialty retailer’s stock after selling 775 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $6,236,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. HWG Holdings LP acquired a new position in shares of O’Reilly Automotive during the first quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in O’Reilly Automotive during the 4th quarter valued at about $28,000. HighMark Wealth Management LLC boosted its stake in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in O’Reilly Automotive during the 4th quarter valued at about $31,000. Finally, Investment Management Corp VA ADV purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $37,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORLY. Morgan Stanley reaffirmed an “overweight” rating on shares of O’Reilly Automotive in a research report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and set a $98.33 price objective on shares of O’Reilly Automotive in a report on Monday, March 10th. UBS Group boosted their price target on shares of O’Reilly Automotive from $102.33 to $105.33 and gave the stock a “buy” rating in a report on Thursday, April 24th. Mizuho boosted their price target on shares of O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $98.00 target price on shares of O’Reilly Automotive in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $94.38.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $89.32 on Thursday. The company has a market cap of $76.35 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.47 and a beta of 0.58. The stock’s fifty day moving average price is $90.71 and its two-hundred day moving average price is $88.30. O’Reilly Automotive, Inc. has a 1 year low of $67.55 and a 1 year high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.18 billion. O’Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction 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 sale, the senior vice president owned 240 shares in the company, valued at approximately $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock worth $3,022,386 in the last three months. 1.01% of the stock is currently owned by corporate insiders.

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.