Blue Zone Wealth Advisors LLC Acquires 124 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Blue Zone Wealth Advisors LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,734 shares of the specialty retailer’s stock after purchasing an additional 124 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $4,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ORLY. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $36,000. Indiana Trust & Investment Management CO boosted its holdings in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co bought a new stake in O’Reilly Automotive in the 1st quarter worth approximately $41,000. Washington Trust Advisors Inc. grew its position in O’Reilly Automotive by 31.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 13 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in shares of O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 13 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of ORLY traded down $1.36 during midday trading on Friday, hitting $1,056.06. The stock had a trading volume of 585,662 shares, compared to its average volume of 476,104. The stock’s 50 day moving average is $1,017.01 and its 200 day moving average is $1,034.26. The firm has a market cap of $62.19 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $8.28 EPS. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. UBS Group boosted their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, Evercore ISI boosted their target price on O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. Company insiders own 1.55% 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.