Bank Pictet & Cie Europe AG Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank Pictet & Cie Europe AG grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,291 shares of the specialty retailer’s stock after buying an additional 1,208 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in O’Reilly Automotive were worth $41,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Pictet North America Advisors SA boosted its holdings in shares of O’Reilly Automotive by 101.7% in the fourth quarter. Pictet North America Advisors SA now owns 7,549 shares of the specialty retailer’s stock worth $8,952,000 after buying an additional 3,807 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of O’Reilly Automotive by 1.9% in the fourth quarter. V Square Quantitative Management LLC now owns 1,298 shares of the specialty retailer’s stock worth $1,539,000 after buying an additional 24 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of O’Reilly Automotive by 15.6% in the fourth quarter. Avestar Capital LLC now owns 452 shares of the specialty retailer’s stock worth $536,000 after buying an additional 61 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of O’Reilly Automotive by 0.5% in the fourth quarter. Van ECK Associates Corp now owns 8,671 shares of the specialty retailer’s stock worth $10,282,000 after buying an additional 44 shares during the last quarter. Finally, Values First Advisors Inc. boosted its holdings in shares of O’Reilly Automotive by 70.3% in the fourth quarter. Values First Advisors Inc. now owns 1,025 shares of the specialty retailer’s stock worth $1,215,000 after buying an additional 423 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 research firms recently issued reports on ORLY. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. TD Cowen raised their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. DA Davidson raised their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two investment 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,318.80 on Friday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27. The company’s fifty day moving average price is $1,248.55 and its 200-day moving average price is $1,194.23. The company has a market capitalization of $76.13 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 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 predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available 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 sale, the director now directly owns 971 shares in the company, valued at approximately $1,278,001.07. The trade was a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,968 shares of company stock valued at $2,492,394 over the last 90 days. 1.55% of the stock is owned by corporate insiders.

About O’Reilly Automotive

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.