Connecticut Wealth Management LLC Buys 1,323 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Connecticut Wealth Management LLC raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 304.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,758 shares of the specialty retailer’s stock after purchasing an additional 1,323 shares during the quarter. Connecticut Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORLY. International Assets Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after acquiring an additional 652,924 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in O’Reilly Automotive in the 3rd quarter valued at approximately $198,365,000. Assenagon Asset Management S.A. raised its holdings in O’Reilly Automotive by 269.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock valued at $205,965,000 after buying an additional 158,075 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in O’Reilly Automotive by 360,914.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 151,626 shares of the specialty retailer’s stock valued at $137,807,000 after buying an additional 151,584 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in O’Reilly Automotive by 47.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 213,648 shares of the specialty retailer’s stock valued at $194,176,000 after buying an additional 68,728 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded up $6.72 during trading hours on Friday, hitting $1,012.95. 417,973 shares of the company were exchanged, compared to its average volume of 381,716. The firm has a market cap of $59.79 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a 50 day simple moving average of $1,093.90 and a two-hundred day simple moving average of $1,019.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.28 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.92 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director John Raymond Murphy sold 269 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares in the company, valued at $1,000,200.69. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 in the last quarter. 1.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ORLY shares. Wells Fargo & Company dropped their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Evercore ISI dropped their price objective on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday. Finally, Mizuho began 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 target price for the company. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,110.07.

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.