Raymond James Financial Inc. Makes New $208.25 Million Investment in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Raymond James Financial Inc. purchased a new position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 175,619 shares of the specialty retailer's stock, valued at approximately $208,248,000. Raymond James Financial Inc. owned about 0.30% of O'Reilly Automotive at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ORLY. Wellington Management Group LLP grew its position in O'Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in O'Reilly Automotive by 205,600.0% in the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock worth $597,602,000 after buying an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC increased its position in O'Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock valued at $5,393,000 after acquiring an additional 482,670 shares during the period. Massachusetts Financial Services Co. MA increased its position in O'Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in O'Reilly Automotive by 32.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 102,128 shares of the specialty retailer's stock valued at $121,103,000 after acquiring an additional 25,091 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently commented on ORLY. Guggenheim reissued a "buy" rating and set a $1,475.00 price target on shares of O'Reilly Automotive in a report on Monday. Royal Bank of Canada raised their target price 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. UBS Group boosted their price target on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $1,390.81.

O'Reilly Automotive Trading Up 2.1 %

NASDAQ:ORLY traded up $27.57 on Monday, hitting $1,346.58. 464,616 shares of the company's stock traded hands, compared to its average volume of 349,770. The company has a market cap of $77.12 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,389.05. The firm has a 50-day moving average price of $1,277.95 and a 200-day moving average price of $1,218.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating 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, research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the transaction, the chairman now directly owns 11,397 shares in the company, valued at $14,988,764.55. This trade represents a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now owns 275 shares of the company's stock, valued at approximately $364,375. This trade represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock valued at $10,409,618 in the last three months. Corporate insiders own 1.55% of the company's stock.

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.