Jason Lee Tarrant Sells 1,992 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Jason Lee Tarrant sold 1,992 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 directly owns 1,398 shares in the company, valued at approximately $1,872,061.80. The trade was a 58.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

O’Reilly Automotive Trading Down 1.2 %

Shares of ORLY opened at $1,330.42 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The firm has a market capitalization of $76.81 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock’s fifty day simple moving average is $1,258.72 and its 200 day simple moving average is $1,206.84.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly 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 negative return on equity of 166.88% and a net margin of 14.28%. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORLY. UBS Group upped their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Wedbush increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,390.81.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Integrated Advisors Network LLC increased its position in shares of O’Reilly Automotive by 3.3% in the fourth quarter. Integrated Advisors Network LLC now owns 1,735 shares of the specialty retailer’s stock worth $2,057,000 after acquiring an additional 56 shares in the last quarter. Ascent Group LLC boosted its position in O’Reilly Automotive by 6.3% during the 4th quarter. Ascent Group LLC now owns 2,144 shares of the specialty retailer’s stock worth $2,542,000 after purchasing an additional 128 shares during the period. Forum Financial Management LP increased its holdings in O’Reilly Automotive by 1.5% in the 4th quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer’s stock valued at $739,000 after purchasing an additional 9 shares in the last quarter. Cache Advisors LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at about $18,057,000. Finally, GF Fund Management CO. LTD. purchased a new position in O’Reilly Automotive in the fourth quarter valued at about $12,974,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.