GAMMA Investing LLC Acquires Shares of 384 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

GAMMA Investing LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 384 shares of the specialty retailer’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ORLY. Steward Financial Group LLC boosted its holdings in shares of O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 17 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the period. Arlington Trust Co LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $39,000. Washington Trust Advisors Inc. lifted its holdings in shares of O’Reilly Automotive by 31.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 13 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its stake in O’Reilly Automotive by 29.5% during the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 13 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $1.94 during mid-day trading on Wednesday, reaching $1,094.29. The company’s stock had a trading volume of 195,127 shares, compared to its average volume of 362,830. The stock has a 50-day moving average of $1,096.35 and a two-hundred day moving average of $1,013.79. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The stock has a market capitalization of $64.60 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping 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 company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the business posted $8.37 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that O’Reilly Automotive, Inc. will post 42.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of several analyst reports. Barclays upped their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. UBS Group lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Truist Financial increased their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Mizuho started coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,115.19.

Insiders Place Their Bets

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the sale, the chairman now directly owns 205,095 shares in the company, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock worth $27,269,333 in the last ninety days. 1.18% of the stock is owned by corporate insiders.

O’Reilly Automotive 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.