Meeder Asset Management Inc. Acquires 5,438 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meeder Asset Management Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,200.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,891 shares of the specialty retailer’s stock after purchasing an additional 5,438 shares during the period. Meeder Asset Management Inc.’s holdings in O’Reilly Automotive were worth $6,221,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of O’Reilly Automotive by 7.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,257 shares of the specialty retailer’s stock worth $1,194,000 after acquiring an additional 86 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of O’Reilly Automotive by 29.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 307 shares of the specialty retailer’s stock worth $292,000 after buying an additional 70 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of O’Reilly Automotive by 11.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,304 shares of the specialty retailer’s stock worth $1,239,000 after buying an additional 138 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $202,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of O’Reilly Automotive by 38.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,932 shares of the specialty retailer’s stock valued at $18,937,000 after acquiring an additional 5,556 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. 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 over the last ninety days. 1.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wedbush restated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, July 25th. DA Davidson lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Truist Financial increased their price objective on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,144.06.

O’Reilly Automotive Trading Up 0.7 %

ORLY stock opened at $1,119.93 on Friday. The firm has a market cap of $64.97 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The stock has a 50-day moving average price of $1,099.75 and a 200-day moving average price of $1,070.68. 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 issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $10.22 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

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.