AGF Management Ltd. Sells 663 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

AGF Management Ltd. decreased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,262 shares of the specialty retailer's stock after selling 663 shares during the quarter. AGF Management Ltd.'s holdings in O'Reilly Automotive were worth $2,682,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AlphaMark Advisors LLC bought a new stake in O'Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC purchased a new position in shares of O'Reilly Automotive during the 3rd quarter valued at about $32,000. Kestra Investment Management LLC bought a new stake in O'Reilly Automotive in the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. purchased a new stake in O'Reilly Automotive in the third quarter worth approximately $37,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in O'Reilly Automotive in the fourth quarter worth approximately $46,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ORLY has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Morgan Stanley raised shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Mizuho raised their price objective on O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Guggenheim reiterated a "buy" rating and issued a $1,475.00 price objective on shares of O'Reilly Automotive in a report on Monday, March 10th. Finally, Royal Bank of Canada increased their target price on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $1,390.81.

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O'Reilly Automotive Price Performance

ORLY stock traded up $20.58 during trading on Monday, reaching $1,347.99. The company had a trading volume of 408,911 shares, compared to its average volume of 344,346. The business has a 50 day moving average of $1,291.02 and a 200 day moving average of $1,225.40. The company has a market cap of $77.20 billion, a P/E ratio of 33.15, a PEG ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,389.05.

Shares of O'Reilly Automotive are going to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, Director Andrea Weiss sold 248 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the sale, the director now directly owns 452 shares of the company's stock, valued at approximately $592,675.96. This represents a 35.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jason Lee Tarrant sold 1,992 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares of the company's stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,894 shares of company stock worth $10,409,618. 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.