Appleton Partners Inc. MA Decreases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Appleton Partners Inc. MA lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 41.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276 shares of the specialty retailer’s stock after selling 195 shares during the period. Appleton Partners Inc. MA’s holdings in O’Reilly Automotive were worth $395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $28,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $32,000. Investment Management Corp VA ADV purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $37,000. Finally, Piscataqua Savings Bank purchased a new position in O’Reilly Automotive in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,000 shares of O’Reilly Automotive stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the transaction, the director now owns 4,560 shares in the company, valued at $419,216. The trade was a 39.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders sold a total of 33,285 shares of company stock worth $3,022,386 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Up 1.6%

Shares of ORLY stock opened at $89.69 on Friday. The stock has a market cap of $76.67 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.60. The business has a 50-day simple moving average of $91.20 and a 200-day simple moving average of $88.03. O’Reilly Automotive, Inc. has a 52-week low of $67.24 and a 52-week high of $97.22.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. O’Reilly Automotive’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of O’Reilly Automotive in a research report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and set a $98.33 price target on shares of O’Reilly Automotive in a research report on Monday, March 10th. UBS Group lifted their price target on O’Reilly Automotive from $102.33 to $105.33 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Mizuho lifted their price target on O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Finally, DA Davidson lifted their price target on O’Reilly Automotive from $101.67 to $106.67 and gave the stock a “buy” rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $94.30.

O’Reilly Automotive 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.