Icon Wealth Advisors LLC Trims Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Icon Wealth Advisors LLC lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385 shares of the specialty retailer’s stock after selling 105 shares during the period. Icon Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in shares of O’Reilly Automotive by 12.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,251 shares of the specialty retailer’s stock worth $16,411,000 after acquiring an additional 1,627 shares during the last quarter. Isthmus Partners LLC purchased a new stake in O’Reilly Automotive in the third quarter worth $248,000. Public Sector Pension Investment Board lifted its position in shares of O’Reilly Automotive by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 10,395 shares of the specialty retailer’s stock worth $11,971,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of O’Reilly Automotive by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the specialty retailer’s stock valued at $13,023,000 after purchasing an additional 279 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter valued at $1,697,000. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORLY shares. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen raised their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Down 0.1 %

NASDAQ:ORLY opened at $1,243.22 on Friday. The stock has a market capitalization of $71.77 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.52 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The firm has a 50 day moving average of $1,191.32 and a 200 day moving average of $1,108.83.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business earned $10.72 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

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.