Verdence Capital Advisors LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Verdence Capital Advisors LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329 shares of the specialty retailer’s stock after acquiring an additional 14 shares during the period. Verdence Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $313,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arkadios Wealth Advisors lifted its holdings in shares of O’Reilly Automotive by 32.3% during the third quarter. Arkadios Wealth Advisors now owns 303 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 74 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of O’Reilly Automotive by 14.5% during the third quarter. Global Retirement Partners LLC now owns 158 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 20 shares during the period. Naples Global Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 6.6% during the third quarter. Naples Global Advisors LLC now owns 322 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 20 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 43.6% during the third quarter. Capital Investment Advisors LLC now owns 435 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 132 shares during the period. Finally, Park Place Capital Corp lifted its holdings in shares of O’Reilly Automotive by 14.2% during the third quarter. Park Place Capital Corp now owns 233 shares of the specialty retailer’s stock worth $212,000 after purchasing an additional 29 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.1 %

NASDAQ:ORLY opened at $1,092.35 on Wednesday. The company has a market capitalization of $64.48 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a fifty day simple moving average of $1,096.35 and a 200-day simple moving average of $1,013.79.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.37 EPS. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 42.1 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on ORLY. Truist Financial increased their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Mizuho began coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. Evercore ISI reduced their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Wedbush raised their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,115.19.

Insider Transactions at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the sale, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock valued at $27,269,333 in the last 90 days. 1.18% of the stock is currently owned by insiders.

About O’Reilly Automotive

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.