Kendall Capital Management Sells 99 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kendall Capital Management reduced its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,893 shares of the specialty retailer’s stock after selling 99 shares during the period. Kendall Capital Management’s holdings in O’Reilly Automotive were worth $1,799,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ORLY. Fortune Financial Advisors LLC increased its position in shares of O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 57 shares during the period. National Bank of Canada FI increased its position in shares of O’Reilly Automotive by 22.6% during the third quarter. National Bank of Canada FI now owns 42,044 shares of the specialty retailer’s stock valued at $37,751,000 after purchasing an additional 7,762 shares during the period. SignalPoint Asset Management LLC increased its position in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after purchasing an additional 1,642 shares during the period. HB Wealth Management LLC increased its position in shares of O’Reilly Automotive by 7.0% during the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after purchasing an additional 114 shares during the period. Finally, LPL Financial LLC increased its position in shares of O’Reilly Automotive by 10.8% during the third quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock valued at $31,579,000 after purchasing an additional 3,385 shares during the period. 85.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORLY. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group boosted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Evercore ISI boosted their price target on O’Reilly Automotive from $1,235.00 to $1,240.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Truist Financial boosted their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Wedbush boosted their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded down $2.17 on Wednesday, reaching $1,093.57. 72,426 shares of the stock were exchanged, compared to its average volume of 366,583. The stock has a market cap of $64.55 billion, a PE ratio of 28.48, a P/E/G ratio of 2.01 and a beta of 0.86. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The stock has a 50 day moving average price of $1,086.68 and a 200 day moving average price of $1,001.08.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.37 earnings per share. On average, research analysts expect that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock worth $28,769,333 over the last 90 days. 1.18% of the stock is owned by insiders.

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.