Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $219,000 in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 230 shares of the specialty retailer’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC increased its holdings in shares of O’Reilly Automotive by 20.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 315 shares of the specialty retailer’s stock worth $286,000 after purchasing an additional 54 shares in the last quarter. Park Avenue Securities LLC bought a new stake in O’Reilly Automotive in the 3rd quarter worth about $1,174,000. Graypoint LLC raised its position in O’Reilly Automotive by 8.6% in the 3rd quarter. Graypoint LLC now owns 266 shares of the specialty retailer’s stock worth $242,000 after buying an additional 21 shares during the last quarter. Inspire Investing LLC purchased a new position in O’Reilly Automotive in the 3rd quarter worth about $437,000. Finally, Oarsman Capital Inc. bought a new position in O’Reilly Automotive during the 3rd quarter valued at about $303,000. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Mizuho initiated coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. The Goldman Sachs Group lifted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Evercore ISI reduced their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, UBS Group raised their target price on 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. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,110.07.

Insiders Place Their Bets

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction 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 completion of the transaction, 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. In the last quarter, insiders sold 32,000 shares of company stock worth $33,391,813. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Up 1.0 %

O’Reilly Automotive stock opened at $1,030.72 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The firm has a market capitalization of $60.84 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.91 and a beta of 0.90. The firm has a 50 day moving average of $1,090.31 and a 200 day moving average of $1,021.38.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $8.28 earnings per share. On average, analysts predict that O’Reilly Automotive, Inc. will post 41.92 EPS 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.