DSM Capital Partners LLC Makes New Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

DSM Capital Partners LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,872 shares of the specialty retailer’s stock, valued at approximately $9,379,000.

A number of other institutional investors have also bought and sold shares of the business. MGO One Seven LLC grew its position in shares of O’Reilly Automotive by 19.0% during the third quarter. MGO One Seven LLC now owns 439 shares of the specialty retailer’s stock valued at $399,000 after purchasing an additional 70 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of O’Reilly Automotive by 2.9% during the third quarter. Corient Private Wealth LLC now owns 13,164 shares of the specialty retailer’s stock valued at $11,965,000 after purchasing an additional 370 shares in the last quarter. Empower Advisory Group LLC grew its position in shares of O’Reilly Automotive by 35.9% during the third quarter. Empower Advisory Group LLC now owns 473 shares of the specialty retailer’s stock valued at $430,000 after purchasing an additional 125 shares in the last quarter. Lincoln National Corp grew its position in shares of O’Reilly Automotive by 13.9% during the third quarter. Lincoln National Corp now owns 335 shares of the specialty retailer’s stock valued at $304,000 after purchasing an additional 41 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of O’Reilly Automotive by 9.9% in the 3rd quarter. Victory Capital Management Inc. now owns 116,032 shares of the specialty retailer’s stock valued at $105,457,000 after acquiring an additional 10,491 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Royal Bank of Canada increased 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. Finally, Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,123.64.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $11.09 during trading on Friday, reaching $986.96. 338,941 shares of the company were exchanged, compared to its average volume of 395,086. The firm has a market capitalization of $58.12 billion, a PE ratio of 25.05, a P/E/G ratio of 1.81 and a beta of 0.90. The business’s fifty day simple moving average is $1,069.21 and its 200-day simple moving average is $1,027.91. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $8.28 earnings per share. On average, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 41.93 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,694 shares of company stock valued at $14,265,266. 1.55% of the stock is currently owned by company insiders.

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.