O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 46.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 782 shares of the specialty retailer’s stock after purchasing an additional 249 shares during the period. Gateway Investment Advisers LLC’s holdings in O’Reilly Automotive were worth $536,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ORLY. Comprehensive Financial Consultants Institutional Inc. acquired a new position in O’Reilly Automotive during the fourth quarter worth $28,000. Mascoma Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $30,000. Atlas Capital Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $30,000. CVA Family Office LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $49,000. Finally, Concord Wealth Partners raised its stake in shares of O’Reilly Automotive by 63.8% in the fourth quarter. Concord Wealth Partners now owns 95 shares of the specialty retailer’s stock valued at $67,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 82.76% of the company’s stock.

Shares of ORLY stock opened at $639.06 on Monday. The stock’s 50-day moving average is $632.31 and its two-hundred day moving average is $661.74. The firm has a market cap of $42.00 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.55 and a beta of 1.04. O’Reilly Automotive, Inc. has a 1 year low of $550.77 and a 1 year high of $748.68.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.43 by ($0.26). The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. During the same period in the previous year, the business posted $7.06 EPS. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 32.62 EPS for the current fiscal year.

In related news, SVP Jeffrey Lynn Groves purchased 175 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of the acquisition, the senior vice president now directly owns 721 shares in the company, valued at approximately $412,967.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeremy Adam Fletcher purchased 835 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $600.00 per share, for a total transaction of $501,000.00. Following the acquisition, the chief financial officer now owns 1,897 shares of the company’s stock, valued at $1,138,200. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. MKM Partners assumed coverage on O’Reilly Automotive in a research note on Thursday. They issued a “buy” rating and a $700.00 price objective on the stock. Truist Financial reduced their price objective on O’Reilly Automotive from $837.00 to $788.00 in a research note on Friday, April 29th. Citigroup reduced their price objective on O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. Finally, Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target on the stock in a research note on Tuesday, May 10th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $718.18.

O’Reilly Automotive Profile (Get Rating)

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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