Saturna Capital Corp Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Saturna Capital Corp increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,803 shares of the specialty retailer’s stock after purchasing an additional 12 shares during the quarter. Saturna Capital Corp’s holdings in O’Reilly Automotive were worth $4,510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new position in O’Reilly Automotive during the third quarter worth $37,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in O’Reilly Automotive in the 4th quarter valued at $46,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. The trade was a 52.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 in the last ninety days. Company insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wedbush lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets increased their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Trading Down 1.7 %

Shares of NASDAQ ORLY opened at $1,324.06 on Wednesday. The stock has a fifty day simple moving average of $1,284.05 and a 200-day simple moving average of $1,221.60. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,389.05. The stock has a market capitalization of $75.83 billion, a PE ratio of 32.56, a PEG ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly 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 net margin of 14.28% and a negative return on equity of 166.88%. On average, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.