Ipswich Investment Management Co. Inc. Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ipswich Investment Management Co. Inc. lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 855 shares of the specialty retailer’s stock after purchasing an additional 30 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in O’Reilly Automotive were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 4th quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth about $32,000. Kestra Investment Management LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth about $32,000. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $41,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ORLY shares. DA Davidson raised their price objective 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. TD Cowen raised their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Mizuho lifted their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wedbush increased 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 report on Thursday, February 6th. Finally, Barclays lifted their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Trading Down 0.7 %

ORLY opened at $1,303.41 on Friday. The firm’s 50 day simple moving average is $1,253.69 and its two-hundred day simple moving average is $1,201.75. The company has a market capitalization of $75.25 billion, a PE ratio of 32.06, a PEG ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating 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%. Equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 833 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. This represents a 52.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction dated 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 in the company, valued at $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,201 shares of company stock worth $2,840,852. 1.55% of the stock is owned by company 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.