O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,032 shares of the specialty retailer’s stock after acquiring an additional 2,452 shares during the quarter. Assetmark Inc.’s holdings in O’Reilly Automotive were worth $24,940,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $30,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $32,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $32,000. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $37,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter worth about $46,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. This trade represents a 64.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ORLY shares. Wells Fargo & Company upped their target price on 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. BMO Capital Markets upped their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. DA Davidson upped their target price on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Guggenheim upped their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Mizuho upped their target price on 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. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Trading Down 1.3 %

Shares of ORLY stock opened at $1,339.67 on Thursday. The company has a market cap of $77.34 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock has a 50 day simple moving average of $1,273.03 and a 200-day simple moving average of $1,215.23. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results 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, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.