Kestra Investment Management LLC Purchases New Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kestra Investment Management LLC acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27 shares of the specialty retailer’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of O’Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after buying an additional 882 shares during the last quarter. Montecito Bank & Trust acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $365,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in O’Reilly Automotive by 6.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after acquiring an additional 1,811 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, Barclays increased their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Trading Down 0.7 %

Shares of O’Reilly Automotive stock opened at $1,303.41 on Friday. The stock has a 50-day moving average price of $1,253.69 and a 200 day moving average price of $1,202.38. The company has a market cap of $75.25 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at $988,000. This represents a 52.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,201 shares of company stock worth $2,840,852 in the last 90 days. 1.55% of the stock is owned by company insiders.

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.