Allspring Global Investments Holdings LLC Has $74.60 Million Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Allspring Global Investments Holdings LLC raised its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,814 shares of the specialty retailer's stock after buying an additional 19,177 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of O'Reilly Automotive worth $74,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. AlphaMark Advisors LLC acquired a new stake in shares of O'Reilly Automotive in the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O'Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC increased its holdings in shares of O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in O'Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in O'Reilly Automotive in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,968 shares of company stock worth $2,492,394. Insiders own 1.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORLY. Evercore ISI raised their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. BNP Paribas raised shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Wedbush lifted their price target on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Mizuho lifted their price target on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Price Performance

ORLY stock traded down $16.88 during midday trading on Friday, hitting $1,318.80. The company's stock had a trading volume of 344,553 shares, compared to its average volume of 330,373. O'Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The company's fifty day moving average price is $1,249.77 and its 200 day moving average price is $1,196.00. The stock has a market capitalization of $76.13 billion, a P/E ratio of 32.43, a PEG ratio of 2.50 and a beta of 0.94.

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, beating 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%. Equities analysts expect that O'Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

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.