Tilt Investment Management Holdings PBC Acquires New Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Tilt Investment Management Holdings PBC acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, Holdings Channel reports. The fund acquired 240 shares of the specialty retailer’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in O’Reilly Automotive during the 4th quarter worth $568,266,000. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after acquiring an additional 652,924 shares during the period. Morgan Stanley boosted its position in O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after acquiring an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC boosted its position in O’Reilly Automotive by 101,509.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after acquiring an additional 530,893 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after acquiring an additional 386,822 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ORLY shares. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial boosted their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Barclays boosted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, Mizuho began coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,102.53.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Up 0.6 %

NASDAQ:ORLY opened at $1,101.06 on Friday. The firm has a market capitalization of $65.00 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.99 and a beta of 0.86. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The business’s fifty day moving average price is $1,092.68 and its 200 day moving average price is $1,008.14.

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