Brookstone Capital Management Has $670,000 Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)


Brookstone Capital Management cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 926 shares of the specialty retailer’s stock after selling 853 shares during the period. Brookstone Capital Management’s holdings in O’Reilly Automotive were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ORLY. National Bank of Canada FI acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $16,133,000. Vantage Investment Partners LLC lifted its position in shares of O’Reilly Automotive by 9.4% during the fourth quarter. Vantage Investment Partners LLC now owns 110,070 shares of the specialty retailer’s stock worth $77,735,000 after purchasing an additional 9,438 shares in the last quarter. Forum Financial Management LP acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $520,000. Calamos Advisors LLC lifted its position in shares of O’Reilly Automotive by 4.0% during the fourth quarter. Calamos Advisors LLC now owns 26,403 shares of the specialty retailer’s stock worth $18,647,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Veriti Management LLC lifted its position in shares of O’Reilly Automotive by 11.5% during the first quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

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

ORLY has been the topic of a number of research reports. StockNews.com initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup dropped their price target on shares of O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. Wells Fargo & Company dropped their price target on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. Truist Financial dropped their price target on shares of O’Reilly Automotive from $837.00 to $788.00 in a research note on Friday, April 29th. Finally, MKM Partners began coverage on shares of O’Reilly Automotive in a research note on Thursday. They set a “buy” rating and a $700.00 price target for the company. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $718.18.

Shares of ORLY stock opened at $639.06 on Friday. The firm has a fifty-day moving average of $632.31 and a 200-day moving average of $661.82. O’Reilly Automotive, Inc. has a 12-month low of $550.77 and a 12-month high of $748.68. The company has a market capitalization of $42.00 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.52 and a beta of 1.04.

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). O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company earned $7.06 EPS. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 32.62 earnings per share for the current fiscal year.

O’Reilly Automotive Company 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.

See Also

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)



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