Black Diamond Financial LLC Trims Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Black Diamond Financial LLC lessened its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201 shares of the specialty retailer’s stock after selling 42 shares during the period. Black Diamond Financial LLC’s holdings in O’Reilly Automotive were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ORLY. Foundations Investment Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at about $205,000. Private Advisor Group LLC lifted its holdings in shares of O’Reilly Automotive by 9.9% in the third quarter. Private Advisor Group LLC now owns 2,660 shares of the specialty retailer’s stock valued at $3,063,000 after purchasing an additional 239 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of O’Reilly Automotive by 23.9% in the third quarter. Allworth Financial LP now owns 566 shares of the specialty retailer’s stock valued at $652,000 after purchasing an additional 109 shares in the last quarter. Forsta AP Fonden raised its position in shares of O’Reilly Automotive by 11.1% in the third quarter. Forsta AP Fonden now owns 12,000 shares of the specialty retailer’s stock valued at $13,819,000 after buying an additional 1,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of O’Reilly Automotive by 51.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,120 shares of the specialty retailer’s stock valued at $25,474,000 after buying an additional 7,482 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Wedbush boosted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Mizuho boosted their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Down 0.7 %

O’Reilly Automotive stock opened at $1,303.41 on Monday. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The firm has a fifty day moving average of $1,253.69 and a 200-day moving average of $1,203.04. The firm has a market capitalization of $75.25 billion, a P/E ratio of 32.06, a PEG ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data 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 net margin of 14.28% and a negative return on equity of 166.88%. On average, research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 760 shares in the company, valued at approximately $988,000. This represents a 52.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 248 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the transaction, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,581 shares of company stock worth $2,071,810. 1.55% of the stock is currently 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.