JPL Wealth Management LLC Makes New $3.12 Million Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

JPL Wealth Management LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,633 shares of the specialty retailer’s stock, valued at approximately $3,123,000.

Other hedge funds have also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at approximately $46,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ORLY. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. BMO Capital Markets lifted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Mizuho lifted 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 note on Friday, February 7th. Finally, Barclays lifted their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,309.29 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,389.05. The firm has a 50 day moving average price of $1,286.52 and a two-hundred day moving average price of $1,222.22. The stock has a market cap of $74.99 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the sale, the executive vice president now owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 248 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the transaction, the director now directly owns 452 shares in the company, valued at $592,675.96. This trade represents a 35.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.18% of the stock is currently owned by insiders.

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.