O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,923 shares of the specialty retailer's stock after acquiring an additional 285 shares during the quarter. O'Reilly Automotive accounts for approximately 0.9% of Palumbo Wealth Management LLC's portfolio, making the stock its 28th largest holding. Palumbo Wealth Management LLC's holdings in O'Reilly Automotive were worth $2,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marks Group Wealth Management Inc boosted its position in O'Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock valued at $697,000 after buying an additional 9 shares during the period. Venturi Wealth Management LLC raised its position in O'Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock valued at $132,000 after purchasing an additional 9 shares during the last quarter. Metis Global Partners LLC lifted its holdings in O'Reilly Automotive by 0.5% in the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock worth $2,145,000 after buying an additional 9 shares during the period. L.M. Kohn & Company grew its position in shares of O'Reilly Automotive by 1.4% in the 3rd quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock worth $753,000 after buying an additional 9 shares during the last quarter. Finally, Advisory Alpha LLC raised its holdings in O'Reilly Automotive by 4.4% in the 4th quarter. Advisory Alpha LLC now owns 215 shares of the specialty retailer's stock worth $255,000 after purchasing an additional 9 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Down 0.0 %

ORLY stock traded down $0.02 during mid-day trading on Wednesday, hitting $1,295.80. The company had a trading volume of 233,017 shares, compared to its average volume of 333,813. The company has a 50-day moving average price of $1,251.64 and a 200 day moving average price of $1,198.92. O'Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 2.35 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.28% and a negative return on equity of 166.88%. As a group, analysts expect that O'Reilly Automotive, Inc. will post 44.01 EPS for the current year.

Insider Buying and Selling

In related news, SVP Mark Joseph Merz sold 500 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % 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 over the last three months. 1.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORLY. Morgan Stanley upgraded O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Barclays upped their price target on 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. Royal Bank of Canada increased 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 report on Friday, February 7th. 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 report on Friday, February 7th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $1,390.81.

O'Reilly Automotive Company 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.