Primoris Wealth Advisors LLC Sells 200 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Primoris Wealth Advisors LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Primoris Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO raised its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co bought a new stake in O’Reilly Automotive in the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the first quarter worth approximately $43,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Down 0.7 %

Shares of ORLY stock traded down $8.50 during midday trading on Monday, reaching $1,129.97. 354,300 shares of the stock were exchanged, compared to its average volume of 388,209. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm has a market cap of $66.55 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The company’s 50 day moving average is $1,084.80 and its two-hundred day moving average is $1,065.98.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $10.22 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 in the last ninety days. 1.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wedbush reissued a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Truist Financial boosted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America raised their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group lowered their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, DA Davidson increased their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,144.06.

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.