Atomi Financial Group Inc. Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Atomi Financial Group Inc. grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 34.6% during the fourth quarter, Holdings Channel reports. The fund owned 451 shares of the specialty retailer’s stock after purchasing an additional 116 shares during the period. Atomi Financial Group Inc.’s holdings in O’Reilly Automotive were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. Evergreen Capital Management LLC grew its holdings in shares of O’Reilly Automotive by 5.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 546 shares of the specialty retailer’s stock worth $577,000 after acquiring an additional 26 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of O’Reilly Automotive by 59.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,307 shares of the specialty retailer’s stock worth $11,941,000 after acquiring an additional 4,221 shares during the period. AXA S.A. grew its holdings in shares of O’Reilly Automotive by 3.2% during the 2nd quarter. AXA S.A. now owns 43,619 shares of the specialty retailer’s stock worth $46,064,000 after acquiring an additional 1,359 shares during the period. Armistice Capital LLC grew its holdings in shares of O’Reilly Automotive by 5.2% during the 2nd quarter. Armistice Capital LLC now owns 9,480 shares of the specialty retailer’s stock worth $10,011,000 after acquiring an additional 470 shares during the period. Finally, DoubleLine ETF Adviser LP purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $1,678,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORLY shares. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. DA Davidson restated a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,289.44.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,261.62 on Friday. The business’s fifty day moving average price is $1,223.62 and its 200-day moving average price is $1,166.15. The stock has a market capitalization of $72.83 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.30 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.72 earnings per share. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.86 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.