Icon Wealth Advisors LLC Reduces Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Icon Wealth Advisors LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385 shares of the specialty retailer’s stock after selling 105 shares during the period. Icon Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $443,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in O’Reilly Automotive by 243.9% in the first quarter. Cetera Investment Advisers now owns 16,405 shares of the specialty retailer’s stock worth $18,519,000 after acquiring an additional 11,635 shares during the period. Cetera Advisors LLC raised its holdings in O’Reilly Automotive by 10.7% in the 1st quarter. Cetera Advisors LLC now owns 1,953 shares of the specialty retailer’s stock worth $2,205,000 after purchasing an additional 189 shares during the period. DekaBank Deutsche Girozentrale lifted its position in O’Reilly Automotive by 6.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,378 shares of the specialty retailer’s stock valued at $19,664,000 after purchasing an additional 1,021 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in O’Reilly Automotive by 4.1% during the first quarter. EverSource Wealth Advisors LLC now owns 456 shares of the specialty retailer’s stock valued at $515,000 after purchasing an additional 18 shares during the period. Finally, GAMMA Investing LLC increased its position in O’Reilly Automotive by 22.6% in the second quarter. GAMMA Investing LLC now owns 629 shares of the specialty retailer’s stock worth $664,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,243.22 on Friday. The company has a market cap of $71.77 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.52 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30. The stock’s 50 day simple moving average is $1,191.32 and its two-hundred day simple moving average is $1,108.83.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $10.72 earnings per share. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. 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 research note on Friday, October 25th. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Insider Transactions at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

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.