AMF Tjanstepension AB Takes $18.30 Million Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

AMF Tjanstepension AB bought a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,436 shares of the specialty retailer's stock, valued at approximately $18,304,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in shares of O'Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock worth $132,000 after purchasing an additional 9 shares during the period. Metis Global Partners LLC raised its holdings in O'Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock valued at $2,145,000 after buying an additional 9 shares during the period. L.M. Kohn & Company raised its holdings in O'Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock valued at $753,000 after buying an additional 9 shares during the period. Advisory Alpha LLC lifted its position in O'Reilly Automotive by 4.4% during the fourth quarter. Advisory Alpha LLC now owns 215 shares of the specialty retailer's stock valued at $255,000 after buying an additional 9 shares in the last quarter. Finally, Catalina Capital Group LLC grew its stake in O'Reilly Automotive by 3.6% during the fourth quarter. Catalina Capital Group LLC now owns 262 shares of the specialty retailer's stock worth $311,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Guggenheim reissued a "buy" rating and set a $1,475.00 price target on shares of O'Reilly Automotive in a research report on Monday. Barclays upped their price target on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. BMO Capital Markets upped their target price on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, StockNews.com raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $14.77 during trading on Wednesday, reaching $1,309.29. The stock had a trading volume of 319,131 shares, compared to its average volume of 350,268. The stock has a market cap of $74.99 billion, a PE ratio of 32.20, a P/E/G ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,389.05. The firm's 50 day moving average price is $1,284.05 and its two-hundred day moving average price is $1,221.60.

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

Insiders Place Their Bets

In related news, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 1,398 shares of the company's stock, valued at $1,872,061.80. This trade represents a 58.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 833 shares of O'Reilly Automotive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. This represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock valued at $10,409,618 over the last quarter. Insiders own 1.18% of the company's stock.

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.