Brown Capital Management LLC Reduces Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Brown Capital Management LLC lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 27.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 889 shares of the specialty retailer’s stock after selling 335 shares during the quarter. Brown Capital Management LLC’s holdings in O’Reilly Automotive were worth $1,024,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Seven Eight Capital LP raised its stake in shares of O’Reilly Automotive by 40.4% in the 1st quarter. Seven Eight Capital LP now owns 382 shares of the specialty retailer’s stock valued at $431,000 after acquiring an additional 110 shares during the period. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at approximately $43,000. CreativeOne Wealth LLC raised its position in O’Reilly Automotive by 249.6% in the first quarter. CreativeOne Wealth LLC now owns 1,388 shares of the specialty retailer’s stock valued at $1,567,000 after purchasing an additional 991 shares during the period. Wellington Wealth Strategies LLC. acquired a new position in O’Reilly Automotive during the first quarter worth $227,000. Finally, EP Wealth Advisors LLC boosted its position in shares of O’Reilly Automotive by 1.6% during the first quarter. EP Wealth Advisors LLC now owns 1,270 shares of the specialty retailer’s stock worth $1,434,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,188.87 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The stock has a 50-day simple moving average of $1,175.63 and a 200-day simple moving average of $1,098.92. The company has a market capitalization of $68.63 billion, a P/E ratio of 29.41, a PEG ratio of 2.44 and a beta of 0.92.

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 analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company posted $10.72 earnings per share. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ORLY shares. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Wedbush restated a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. TD Cowen increased their target price 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, October 25th. Bank of America raised 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. Finally, JPMorgan Chase & Co. increased their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.