Sigma Planning Corp decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 71.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,260 shares of the specialty retailer’s stock after selling 15,440 shares during the period. Sigma Planning Corp’s holdings in O’Reilly Automotive were worth $576,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its holdings in O’Reilly Automotive by 2.4% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,397 shares of the specialty retailer’s stock worth $401,000 after purchasing an additional 104 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 4.7% in the third quarter. Quadcap Wealth Management LLC now owns 2,422 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 108 shares in the last quarter. Mainstream Capital Management LLC boosted its position in shares of O’Reilly Automotive by 0.9% during the first quarter. Mainstream Capital Management LLC now owns 12,630 shares of the specialty retailer’s stock worth $1,166,000 after buying an additional 109 shares during the period. Dynasty Wealth Management LLC boosted its position in shares of O’Reilly Automotive by 2.7% during the fourth quarter. Dynasty Wealth Management LLC now owns 4,281 shares of the specialty retailer’s stock worth $390,000 after buying an additional 113 shares during the period. Finally, Kohmann Bosshard Financial Services LLC grew its holdings in shares of O’Reilly Automotive by 54.3% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock worth $30,000 after buying an additional 114 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Performance
Shares of ORLY stock opened at $87.95 on Wednesday. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The stock has a market cap of $71.15 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.94 and a beta of 0.52. The firm’s 50-day moving average is $89.06 and its 200-day moving average is $90.75.
Insider Transactions at O’Reilly Automotive
In other news, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director owned 18,675 shares of the company’s stock, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the transaction, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,000 shares of company stock worth $550,530 over the last quarter. Company insiders own 0.77% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on ORLY shares. Robert W. Baird set a $100.00 target price on O’Reilly Automotive in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, August 3rd. Wells Fargo & Company set a $100.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $110.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 31st. Finally, Roth Capital reissued a “buy” rating and issued a $111.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $107.24.
View Our Latest Report on ORLY
O’Reilly Automotive Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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