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Beacon Pointe Advisors LLC Sells 211 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

… products, engine additives, filters, fluids, lighting products, and oil and wiper blades …

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

Beacon Pointe Advisors LLC reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,052 shares of the specialty retailer’s stock after selling 211 shares during the period. Beacon Pointe Advisors LLC’s holdings in O’Reilly Automotive were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Castle Wealth Management LLC acquired a new position in O’Reilly Automotive in the second quarter valued at about $27,000. Heritage Financial Services LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth $34,000. Zions Bancorporation N.A. boosted its stake in shares of O’Reilly Automotive by 80.6% in the 2nd quarter. Zions Bancorporation N.A. now owns 65 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 29 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in O’Reilly Automotive by 24.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 82 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 16 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of O’Reilly Automotive by 44.6% during the first quarter. Loomis Sayles & Co. L P now owns 81 shares of the specialty retailer’s stock worth $55,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.

Insider Activity

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 200 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $725.02, for a total value of $145,004.00. Following the transaction, the chairman now owns 66,152 shares in the company, valued at $47,961,523.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 200 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $725.02, for a total transaction of $145,004.00. Following the completion of the sale, the chairman now owns 66,152 shares in the company, valued at approximately $47,961,523.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Alan Lauro sold 1,000 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $750.00, for a total transaction of $750,000.00. Following the completion of the transaction, the senior vice president now directly owns 760 shares in the company, valued at $570,000. The disclosure for this sale can be found here. Insiders sold a total of 24,327 shares of company stock worth $20,161,843 in the last three months. Company insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on O’Reilly Automotive from $765.00 to $892.00 and gave the company a “buy” rating in a report on Friday, October 28th. Guggenheim boosted their price target on O’Reilly Automotive to $893.00 in a report on Tuesday, November 1st. DA Davidson raised their price objective on shares of O’Reilly Automotive to $935.00 in a report on Tuesday, November 1st. Citigroup boosted their target price on shares of O’Reilly Automotive from $770.00 to $855.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada dropped their price target on shares of O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $819.33.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $855.97 on Friday. The stock has a market capitalization of $53.57 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.02 and a beta of 0.98. The business has a 50 day simple moving average of $769.02 and a 200 day simple moving average of $701.16. O’Reilly Automotive, Inc. has a one year low of $562.90 and a one year high of $858.38.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The specialty retailer reported $9.17 EPS for the quarter, topping the consensus estimate of $8.50 by $0.67. O’Reilly Automotive had a net margin of 15.39% and a negative return on equity of 319.55%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm posted $8.07 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts expect that O’Reilly Automotive, Inc. will post 32.58 earnings per share for the current year.

O’Reilly Automotive Company Profile

(Get Rating)

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. 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.

See Also

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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