Ritholtz Wealth Management Purchases 48 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ritholtz Wealth Management lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,419 shares of the specialty retailer’s stock after purchasing an additional 48 shares during the period. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $2,868,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive during the third quarter worth $32,000. Trifecta Capital Advisors LLC increased its position in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter valued at about $41,000. Finally, Kieckhefer Group LLC acquired a new position in O’Reilly Automotive during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $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 is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction 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. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,216.79 on Friday. The stock has a market capitalization of $70.25 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.23 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,283.96. The stock’s 50-day simple moving average is $1,223.74 and its 200 day simple moving average is $1,159.48.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company posted $10.72 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORLY. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,270.69.

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.