Kavar Capital Partners Group LLC Sells 107 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kavar Capital Partners Group LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,596 shares of the specialty retailer’s stock after selling 107 shares during the quarter. O’Reilly Automotive makes up 1.4% of Kavar Capital Partners Group LLC’s investment portfolio, making the stock its 20th biggest holding. Kavar Capital Partners Group LLC’s holdings in O’Reilly Automotive were worth $8,748,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after purchasing an additional 2,214 shares during the last quarter. Bank Pictet & Cie Asia Ltd. bought a new stake in O’Reilly Automotive during the 2nd quarter worth about $800,000. Handelsbanken Fonder AB grew its holdings in O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after acquiring an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in O’Reilly Automotive by 90.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after acquiring an additional 6,954 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ORLY shares. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group decreased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. TD Cowen increased their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday. Barclays increased their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Truist Financial raised their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 over the last ninety days. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,195.22 on Friday. The company has a market capitalization of $69.33 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.29 and a beta of 0.92. The firm’s 50 day simple moving average is $1,150.51 and its 200 day simple moving average is $1,081.98. O’Reilly Automotive, Inc. has a fifty-two week low of $895.88 and a fifty-two week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business posted $10.72 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.05 earnings per share for the current year.

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.