Sovran Advisors LLC Purchases New Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Sovran Advisors LLC purchased a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 719 shares of the specialty retailer's stock, valued at approximately $866,000.

Several other hedge funds have also recently modified their holdings of ORLY. Asset Dedication LLC raised its stake in O'Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer's stock worth $178,000 after buying an additional 9 shares in the last quarter. Marks Group Wealth Management Inc increased its position in shares of O'Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock worth $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of 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 boosted its position in shares of 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 purchasing an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company boosted its holdings in O'Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock worth $753,000 after acquiring an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ORLY shares. BNP Paribas raised shares of O'Reilly Automotive to a "strong-buy" rating in a report on Friday, October 25th. Barclays lifted their target price 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. Truist Financial lifted their price target on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research note on Friday, October 25th. TD Cowen upped their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Evercore ISI raised their price target on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Trading Down 1.3 %

O'Reilly Automotive stock traded down $16.88 during mid-day trading on Friday, hitting $1,318.80. The company's stock had a trading volume of 344,553 shares, compared to its average volume of 330,373. O'Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The firm has a market capitalization of $76.13 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The stock's fifty day moving average is $1,249.77 and its two-hundred day moving average is $1,195.62.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that O'Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated 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 sale, the director now owns 700 shares of the company's stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company's stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,968 shares of company stock worth $2,492,394. 1.55% of the stock is currently owned by insiders.

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.