AMJ Financial Wealth Management Cuts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

AMJ Financial Wealth Management decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,454 shares of the specialty retailer’s stock after selling 12 shares during the period. O’Reilly Automotive makes up 2.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 12th biggest position. AMJ Financial Wealth Management’s holdings in O’Reilly Automotive were worth $10,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $41,000. Optas LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter valued at $261,000. KG&L Capital Management LLC increased its stake in O’Reilly Automotive by 6.9% during the 3rd quarter. KG&L Capital Management LLC now owns 758 shares of the specialty retailer’s stock worth $873,000 after buying an additional 49 shares during the period. Donaldson Capital Management LLC increased its stake in O’Reilly Automotive by 0.4% during the 3rd quarter. Donaldson Capital Management LLC now owns 6,548 shares of the specialty retailer’s stock worth $7,541,000 after buying an additional 29 shares during the period. Finally, National Pension Service lifted its holdings in O’Reilly Automotive by 9.3% in the 3rd quarter. National Pension Service now owns 125,900 shares of the specialty retailer’s stock worth $144,986,000 after buying an additional 10,698 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.2 %

Shares of NASDAQ ORLY opened at $1,375.99 on Tuesday. The company has a market cap of $79.44 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock’s 50 day simple moving average is $1,267.97 and its 200 day simple moving average is $1,212.68. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,386.36.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Mizuho lifted their target price 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. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. BMO Capital Markets increased their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Barclays lifted their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

Insiders Place Their Bets

In related news, CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now owns 1,398 shares of the company’s stock, valued at $1,872,061.80. This represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,894 shares of company stock worth $10,409,618. Insiders own 1.55% of the company’s stock.

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.