L. Roy Papp & Associates LLP reduced its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,494 shares of the specialty retailer's stock after selling 649 shares during the period. O'Reilly Automotive accounts for approximately 3.5% of L. Roy Papp & Associates LLP's holdings, making the stock its 7th biggest position. L. Roy Papp & Associates LLP's holdings in O'Reilly Automotive were worth $30,231,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. AlphaMark Advisors LLC acquired a new stake in shares of O'Reilly Automotive during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O'Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in shares of O'Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of O'Reilly Automotive during the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of O'Reilly Automotive during the third quarter valued at approximately $41,000. 85.00% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at O'Reilly Automotive
In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 700 shares of the company's stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,968 shares of company stock valued at $2,492,394 in the last ninety days. Company insiders own 1.55% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on ORLY shares. UBS Group upped their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company 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 upped their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Finally, DA Davidson upped their price objective on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $1,390.81.
Read Our Latest Analysis on ORLY
O'Reilly Automotive Price Performance
Shares of NASDAQ ORLY traded down $16.88 during trading hours on Friday, hitting $1,318.80. 344,553 shares of the stock were exchanged, compared to its average volume of 330,373. The company's 50 day moving average is $1,249.77 and its 200 day moving average is $1,195.62. The firm has a market capitalization of $76.13 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.50 and a beta of 0.94. O'Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27.
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 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%. Research analysts anticipate that O'Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.
O'Reilly Automotive 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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