Assetmark Inc. increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,032 shares of the specialty retailer's stock after buying an additional 2,452 shares during the period. Assetmark Inc.'s holdings in O'Reilly Automotive were worth $24,940,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new position in O'Reilly Automotive in the fourth quarter worth $30,000. Kestra Investment Management LLC acquired a new position in O'Reilly Automotive in the fourth quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in O'Reilly Automotive in the third quarter worth $32,000. MidAtlantic Capital Management Inc. acquired a new position in O'Reilly Automotive in the third quarter worth $37,000. Finally, Retirement Wealth Solutions LLC acquired a new position in O'Reilly Automotive in the fourth quarter worth $46,000. Institutional investors and hedge funds own 85.00% of the company's stock.
O'Reilly Automotive Price Performance
NASDAQ ORLY traded down $12.05 on Friday, hitting $1,319.01. 366,269 shares of the company were exchanged, compared to its average volume of 347,165. The company's 50 day moving average price is $1,277.95 and its 200-day moving average price is $1,218.04. The firm has a market capitalization of $75.54 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,389.05.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ORLY shares. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of 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. StockNews.com raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group boosted their price target on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Barclays boosted their price target on shares of O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $1,390.81.
Read Our Latest Report on O'Reilly Automotive
Insiders Place Their Bets
In other news, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the completion of the sale, the chairman now directly owns 11,397 shares of the company's stock, valued at $14,988,764.55. This represents a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 971 shares of the company's stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,894 shares of company stock worth $10,409,618. Company insiders own 1.55% of the company's stock.
O'Reilly Automotive Company Profile
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Free Report)
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.
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