Oxbow Advisors LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,955 shares of the specialty retailer’s stock after purchasing an additional 1,134 shares during the period. O’Reilly Automotive comprises approximately 1.4% of Oxbow Advisors LLC’s portfolio, making the stock its 15th biggest position. Oxbow Advisors LLC’s holdings in O’Reilly Automotive were worth $11,805,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $32,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $41,000. 85.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Guggenheim increased their price objective on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two equities research 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 company. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $1,390.81.
O’Reilly Automotive Stock Performance
Shares of ORLY stock opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The company has a market capitalization of $75.25 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The business’s fifty day moving average is $1,253.69 and its 200 day moving average is $1,201.75.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now owns 275 shares of the company’s stock, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 248 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the completion of the transaction, the director now directly owns 971 shares in the company, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,201 shares of company stock worth $2,840,852. Corporate insiders own 1.55% of the company’s stock.
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.
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