O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 69.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,679 shares of the specialty retailer’s stock after acquiring an additional 1,101 shares during the quarter. Independent Advisor Alliance’s holdings in O’Reilly Automotive were worth $3,177,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Annex Advisory Services LLC boosted its holdings in O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of O’Reilly Automotive by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after acquiring an additional 882 shares in the last quarter. Montecito Bank & Trust purchased a new position in shares of O’Reilly Automotive during the 4th quarter valued at $365,000. Y Intercept Hong Kong Ltd grew its holdings in shares of O’Reilly Automotive by 824.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after acquiring an additional 3,216 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of O’Reilly Automotive by 6.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after acquiring an additional 1,811 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were 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 owns 275 shares of the company’s stock, valued at approximately $364,375. This trade 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 accessible through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of several analyst reports. Wedbush lifted 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 note on Thursday, February 6th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. DA Davidson upped their price objective on shares of 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. Barclays upped 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 report on Friday, February 7th. Finally, Mizuho upped their target price 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. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Down 1.1 %

Shares of ORLY stock opened at $1,309.29 on Thursday. The firm has a fifty day moving average of $1,286.52 and a 200-day moving average of $1,222.22. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,389.05. The company has a market capitalization of $74.99 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.