Kestra Private Wealth Services LLC Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

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Kestra Private Wealth Services LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,575 shares of the specialty retailer’s stock after buying an additional 50 shares during the period. Kestra Private Wealth Services LLC’s holdings in O’Reilly Automotive were worth $1,079,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of O’Reilly Automotive by 2.6% during the first quarter. Vanguard Group Inc. now owns 5,356,012 shares of the specialty retailer’s stock worth $3,668,654,000 after buying an additional 136,848 shares during the period. State Street Corp boosted its holdings in O’Reilly Automotive by 1.9% in the fourth quarter. State Street Corp now owns 2,850,959 shares of the specialty retailer’s stock valued at $2,013,433,000 after purchasing an additional 53,727 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in O’Reilly Automotive by 1.9% in the first quarter. Principal Financial Group Inc. now owns 1,651,439 shares of the specialty retailer’s stock valued at $1,131,171,000 after purchasing an additional 30,422 shares in the last quarter. Invesco Ltd. boosted its holdings in O’Reilly Automotive by 29.8% in the first quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock valued at $759,715,000 after purchasing an additional 254,823 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in O’Reilly Automotive by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 747,436 shares of the specialty retailer’s stock valued at $527,862,000 after purchasing an additional 233,026 shares in the last quarter. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $693.51 on Friday. The business has a 50 day simple moving average of $704.26 and a 200-day simple moving average of $672.44. The stock has a market capitalization of $43.91 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. O’Reilly Automotive, Inc. has a 12 month low of $562.90 and a 12 month high of $750.88.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.33 EPS. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 31.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ORLY shares. Royal Bank of Canada lowered their price target on O’Reilly Automotive from $806.00 to $795.00 in a report on Friday, July 29th. Morgan Stanley increased their price objective on O’Reilly Automotive from $635.00 to $690.00 and gave the company an “equal weight” rating in a report on Wednesday, August 24th. The Goldman Sachs Group increased their price objective on O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Guggenheim increased their price objective on O’Reilly Automotive to $823.00 in a report on Monday, August 15th. Finally, MKM Partners increased their price objective on O’Reilly Automotive from $700.00 to $770.00 and gave the company a “buy” rating in a report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $758.43.

Insiders Place Their Bets

In other O’Reilly Automotive news, EVP Thomas Mcfall sold 300 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $724.62, for a total value of $217,386.00. Following the completion of the transaction, the executive vice president now owns 5,872 shares in the company, valued at $4,254,968.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Thomas Mcfall sold 300 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $724.62, for a total value of $217,386.00. Following the completion of the transaction, the executive vice president now owns 5,872 shares in the company, valued at $4,254,968.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 7,145 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the completion of the transaction, the chairman now owns 294,582 shares of the company’s stock, valued at approximately $206,207,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,444 shares of company stock worth $37,192,687. 1.73% of the stock is owned by corporate insiders.

O’Reilly Automotive Company Profile

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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. 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.

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