O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Raised by Western Wealth Management LLC

Western Wealth Management LLC grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,114 shares of the specialty retailer’s stock after buying an additional 49 shares during the period. Western Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in O’Reilly Automotive by 1.8% during the first quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock worth $1,262,904,000 after purchasing an additional 26,201 shares in the last quarter. Morgan Stanley raised its holdings in O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after purchasing an additional 635,416 shares in the last quarter. Invesco Ltd. raised its holdings in O’Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after purchasing an additional 31,487 shares in the last quarter. Jennison Associates LLC grew its position in O’Reilly Automotive by 8.0% in the third quarter. Jennison Associates LLC now owns 880,855 shares of the specialty retailer’s stock worth $800,574,000 after buying an additional 65,534 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in O’Reilly Automotive by 128.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after buying an additional 386,822 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ORLY. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. UBS Group lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush lifted their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,102.53.

Insiders Place Their Bets

In related news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the transaction, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded up $6.26 during mid-day trading on Thursday, hitting $1,101.06. The company had a trading volume of 284,255 shares, compared to its average volume of 366,493. The business’s 50-day simple moving average is $1,091.08 and its 200-day simple moving average is $1,007.49. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The firm has a market cap of $65.00 billion, a P/E ratio of 28.45, a PEG ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $8.37 earnings per share. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 42.09 EPS for the current year.

O’Reilly Automotive Company 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.