O'Reilly Automotive, Inc. (NASDAQ:ORLY) Position Decreased by Welch & Forbes LLC

Welch & Forbes LLC lowered its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,368 shares of the specialty retailer's stock after selling 2,254 shares during the quarter. O'Reilly Automotive comprises about 3.1% of Welch & Forbes LLC's holdings, making the stock its 4th biggest holding. Welch & Forbes LLC owned approximately 0.35% of O'Reilly Automotive worth $237,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of 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 valued at $1,986,874,000 after buying an additional 728,040 shares during the period. Proficio Capital Partners LLC increased its stake in O'Reilly Automotive by 205,600.0% during the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock worth $597,602,000 after purchasing an additional 503,720 shares during the period. Mizuho Securities USA LLC increased its stake in O'Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after purchasing an additional 482,670 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of O'Reilly Automotive during the fourth quarter worth about $208,248,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of O'Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after purchasing an additional 133,139 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

ORLY has been the topic of several recent research reports. Mizuho upped their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. BMO Capital Markets increased their price objective on 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. Guggenheim reiterated a "buy" rating and issued a $1,475.00 target price on shares of O'Reilly Automotive in a report on Monday. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, UBS Group increased their price target on O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Trading Down 1.7 %

NASDAQ:ORLY traded down $22.52 during midday trading on Tuesday, hitting $1,324.06. 403,380 shares of the company were exchanged, compared to its average volume of 350,947. O'Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,389.05. The company has a market capitalization of $75.83 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The company has a fifty day simple moving average of $1,281.29 and a 200 day simple moving average of $1,220.14.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other O'Reilly Automotive news, 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 transaction of $2,667,487.20. Following the transaction, the executive vice president now directly owns 1,398 shares of the company's stock, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brad W. Beckham sold 833 shares of the company's 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 directly owns 760 shares of the company's stock, valued at $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 over the last quarter. Company insiders own 1.55% 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.