Strong Tower Advisory Services Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Strong Tower Advisory Services raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 426 shares of the specialty retailer’s stock after purchasing an additional 18 shares during the period. Strong Tower Advisory Services’ holdings in O’Reilly Automotive were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ORLY. Cibc World Market Inc. lifted its position in O’Reilly Automotive by 305.4% during the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after purchasing an additional 2,434 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after acquiring an additional 5,376 shares during the last quarter. Prudential PLC bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth approximately $1,847,000. Cetera Investment Advisers lifted its holdings in shares of O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after acquiring an additional 644 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of O’Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 39 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the sale, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock valued at $28,769,333 in the last three months. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Barclays boosted their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Wedbush boosted their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Truist Financial upped their price target on shares of O’Reilly Automotive from $1,080.00 to $1,149.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Stephens reiterated an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,085.47.

O’Reilly Automotive Trading Down 0.6 %

O’Reilly Automotive stock opened at $1,128.88 on Friday. The firm has a 50 day moving average of $1,069.88 and a 200 day moving average of $988.83. The firm has a market capitalization of $66.65 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.06 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12-month low of $821.61 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the firm posted $8.37 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, analysts predict that O’Reilly Automotive, Inc. will post 42.09 EPS 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.