Clearstead Trust LLC Sells 60 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Clearstead Trust LLC decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,267 shares of the specialty retailer’s stock after selling 60 shares during the quarter. Clearstead Trust LLC’s holdings in O’Reilly Automotive were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pinnacle Associates Ltd. lifted its stake in O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares during the last quarter. Marcum Wealth LLC lifted its stake in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in O’Reilly Automotive by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 10 shares during the period. Finally, L.M. Kohn & Company increased its position in O’Reilly Automotive by 1.9% in the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock valued at $561,000 after acquiring an additional 11 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were 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 of the company’s stock, valued at $296,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ORLY. Evercore ISI upped their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research 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 upped their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America upped their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Trading Up 0.5 %

NASDAQ:ORLY opened at $1,130.72 on Tuesday. The stock has a market capitalization of $65.59 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.13 and a beta of 0.92. The firm has a fifty day simple moving average of $1,103.88 and a two-hundred day simple moving average of $1,071.20. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.22 earnings per share. Equities analysts predict that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

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.