National Pension Service Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

National Pension Service raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,019 shares of the specialty retailer’s stock after acquiring an additional 2,461 shares during the period. National Pension Service’s holdings in O’Reilly Automotive were worth $107,377,000 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 the company. Fortune Financial Advisors LLC lifted its position in O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares during the period. SignalPoint Asset Management LLC grew its holdings in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares during the last quarter. Duality Advisers LP bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $924,000. NewEdge Wealth LLC raised its holdings in O’Reilly Automotive by 13.6% in the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after acquiring an additional 4,101 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock valued at $1,660,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent analyst reports. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Mizuho initiated coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Truist Financial cut their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Wedbush restated a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

O’Reilly Automotive Trading Up 0.9 %

Shares of NASDAQ:ORLY traded up $9.27 during mid-day trading on Thursday, reaching $1,029.61. The stock had a trading volume of 97,411 shares, compared to its average volume of 373,113. The business’s 50 day moving average price is $1,091.76 and its 200 day moving average price is $1,021.39. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company has a market cap of $60.77 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $8.28 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,000 shares of company stock worth $33,391,813. Insiders own 1.55% 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.