Echo45 Advisors LLC Buys Shares of 183 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Echo45 Advisors LLC bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 183 shares of the specialty retailer’s stock, valued at approximately $220,000.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive in the 3rd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $37,000. Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in O’Reilly Automotive in the 4th quarter worth about $46,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

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

Analysts Set New Price Targets

Several brokerages recently commented on ORLY. Evercore ISI boosted their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. TD Cowen increased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1,289.44.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,241.33 on Thursday. The firm’s 50-day moving average is $1,223.57 and its 200-day moving average is $1,165.62. The company has a market cap of $71.66 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.30 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post 40.86 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.