L. Roy Papp & Associates LLP Has $30.11 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

L. Roy Papp & Associates LLP decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 26,143 shares of the specialty retailer’s stock after selling 823 shares during the period. O’Reilly Automotive accounts for about 3.6% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 5th largest position. L. Roy Papp & Associates LLP’s holdings in O’Reilly Automotive were worth $30,106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC increased its position in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. Crewe Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $43,000. Kings Path Partners LLC purchased a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $44,000. ORG Partners LLC purchased a new position in shares of O’Reilly Automotive in the 2nd quarter worth approximately $48,000. Finally, Boit C F David purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORLY shares. UBS Group cut their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Barclays lifted their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. DA Davidson restated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday. Finally, Evercore ISI upped their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Performance

NASDAQ ORLY traded down $4.55 during mid-day trading on Friday, reaching $1,195.22. 238,279 shares of the stock were exchanged, compared to its average volume of 374,296. The business’s 50 day moving average is $1,150.51 and its 200-day moving average is $1,081.98. O’Reilly Automotive, Inc. has a 1 year low of $895.88 and a 1 year high of $1,221.18. The company has a market capitalization of $69.33 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.72 earnings per share. Equities analysts predict that O’Reilly Automotive, Inc. will post 41.05 earnings per share for the current fiscal year.

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.