Wedgewood Partners Inc. Sells 65 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Wedgewood Partners Inc. lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,822 shares of the specialty retailer’s stock after selling 65 shares during the period. O’Reilly Automotive makes up approximately 2.1% of Wedgewood Partners Inc.’s portfolio, making the stock its 19th largest position. Wedgewood Partners Inc.’s holdings in O’Reilly Automotive were worth $10,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ORLY. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC increased its position in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $41,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive in the 2nd quarter worth approximately $44,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ORLY. JPMorgan Chase & Co. lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,248.06.

O’Reilly Automotive Stock Performance

ORLY opened at $1,234.81 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The firm’s fifty day moving average is $1,199.74 and its 200 day moving average is $1,115.34. The stock has a market cap of $71.29 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last released 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. 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 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on 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 sale, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’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 transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

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.