United Asset Strategies Inc. Sells 927 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

United Asset Strategies Inc. trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 61.6% during the third quarter, HoldingsChannel.com reports. The fund owned 578 shares of the specialty retailer’s stock after selling 927 shares during the quarter. United Asset Strategies Inc.’s holdings in O’Reilly Automotive were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ORLY. First Trust Direct Indexing L.P. boosted its position in O’Reilly Automotive by 9.2% in the first quarter. First Trust Direct Indexing L.P. now owns 1,200 shares of the specialty retailer’s stock valued at $1,355,000 after buying an additional 101 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of O’Reilly Automotive by 19.9% during the first quarter. Van ECK Associates Corp now owns 8,055 shares of the specialty retailer’s stock worth $9,093,000 after purchasing an additional 1,337 shares during the period. Norden Group LLC acquired a new position in shares of O’Reilly Automotive during the first quarter worth $317,000. J.W. Cole Advisors Inc. lifted its holdings in shares of O’Reilly Automotive by 55.3% during the first quarter. J.W. Cole Advisors Inc. now owns 517 shares of the specialty retailer’s stock worth $585,000 after purchasing an additional 184 shares during the period. Finally, Mission Wealth Management LP lifted its holdings in shares of O’Reilly Automotive by 37.7% during the first quarter. Mission Wealth Management LP now owns 866 shares of the specialty retailer’s stock worth $977,000 after purchasing an additional 237 shares during the period. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Mkm restated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, Truist Financial boosted 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 report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,153.14 on Friday. The firm has a 50-day moving average of $1,154.00 and a 200-day moving average of $1,084.44. The company has a market cap of $66.89 billion, a PE ratio of 28.53, a PEG ratio of 2.36 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the firm posted $10.72 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,370 shares of company stock worth $18,333,966 over the last three months. 1.55% of the stock is currently owned by insiders.

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.