Edgestream Partners L.P. Grows Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Edgestream Partners L.P. increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,851.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,253 shares of the specialty retailer's stock after purchasing an additional 7,830 shares during the period. O'Reilly Automotive makes up 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 13th largest position. Edgestream Partners L.P.'s holdings in O'Reilly Automotive were worth $9,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC acquired a new stake in O'Reilly Automotive in the 4th 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. Kestra Investment Management LLC bought a new stake in shares of O'Reilly Automotive in the fourth quarter worth $32,000. MidAtlantic Capital Management Inc. acquired a new position in O'Reilly Automotive during the third quarter worth $37,000. Finally, Retirement Wealth Solutions LLC bought a new position in O'Reilly Automotive in the fourth quarter valued at $46,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

ORLY traded down $22.52 during trading on Tuesday, hitting $1,324.06. 403,380 shares of the stock traded hands, compared to its average volume of 350,947. The firm has a 50-day moving average of $1,281.29 and a 200 day moving average of $1,220.14. The firm has a market capitalization of $75.83 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,389.05.

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O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share 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%. As a group, equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity at O'Reilly Automotive

In related news, Director Maria Sastre sold 248 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the transaction, the director now directly owns 971 shares in the company, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the transaction, the senior vice president now owns 275 shares of the company's stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $10,409,618 in the last 90 days. Corporate insiders own 1.55% of the company's stock.

Analysts Set New Price Targets

ORLY has been the subject of a number of recent research reports. Wedbush increased their price objective on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. Evercore ISI boosted their price target on O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley upgraded shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets increased their price target 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. Two equities 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. According to MarketBeat, O'Reilly Automotive presently has a consensus rating of "Buy" and an average target price of $1,390.81.

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.