Callan Capital LLC Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Callan Capital LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395 shares of the specialty retailer’s stock after buying an additional 14 shares during the quarter. Callan Capital LLC’s holdings in O’Reilly Automotive were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ORLY. AlphaMark Advisors LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $32,000. Kestra Investment Management LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $32,000. MidAtlantic Capital Management Inc. purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $37,000. Finally, Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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. This represents a 64.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at approximately $988,000. This represents a 52.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,201 shares of company stock worth $2,840,852 in the last 90 days. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. DA Davidson lifted their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Two 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’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The stock has a market capitalization of $75.25 billion, a P/E ratio of 32.06, a PEG ratio of 2.34 and a beta of 0.94. The stock has a 50-day simple moving average of $1,253.69 and a 200-day simple moving average of $1,202.38.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.