Destination Wealth Management Buys 1,416 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Destination Wealth Management increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,465 shares of the specialty retailer's stock after purchasing an additional 1,416 shares during the period. Destination Wealth Management's holdings in O'Reilly Automotive were worth $17,153,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new stake in O'Reilly Automotive during the 4th quarter worth $30,000. Darwin Wealth Management LLC bought a new position in O'Reilly Automotive during the third quarter worth about $32,000. Kestra Investment Management LLC acquired a new position in shares of O'Reilly Automotive during the 4th quarter worth about $32,000. MidAtlantic Capital Management Inc. bought a new stake in shares of O'Reilly Automotive in the 3rd quarter valued at about $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of O'Reilly Automotive in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Buying and Selling

In other O'Reilly Automotive news, Director Maria Sastre sold 248 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 3,073 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now directly owns 11,397 shares of the company's stock, valued at approximately $14,988,764.55. This trade represents a 21.24 % decrease in their position. The disclosure for this sale can be found here. Over 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.

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O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $22.52 during mid-day trading on Tuesday, reaching $1,324.06. 403,380 shares of the company's stock were exchanged, compared to its average volume of 350,947. O'Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,389.05. The business's fifty day simple moving average is $1,281.29 and its two-hundred day simple moving average is $1,220.14. The firm 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.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate 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 research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORLY. Royal Bank of Canada boosted 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 report on Friday, February 7th. BMO Capital Markets boosted 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 report on Monday, February 10th. Wedbush raised their price objective on 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. Guggenheim reissued a "buy" rating and issued a $1,475.00 target price on shares of O'Reilly Automotive in a research note on Monday. Finally, Barclays raised 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 research report on Friday, February 7th. 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.com, the company has a consensus rating of "Buy" and an average price target 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.