State of New Jersey Common Pension Fund D Sells 480 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

State of New Jersey Common Pension Fund D trimmed its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,216 shares of the specialty retailer's stock after selling 480 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in O'Reilly Automotive were worth $25,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of O'Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer's stock worth $21,396,000 after buying an additional 3,193 shares during the period. Annex Advisory Services LLC boosted its holdings in O'Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer's stock valued at $40,349,000 after acquiring an additional 6,418 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in O'Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer's stock valued at $22,568,000 after acquiring an additional 882 shares in the last quarter. Montecito Bank & Trust bought a new stake in O'Reilly Automotive in the fourth quarter valued at $365,000. Finally, Eastern Bank bought a new stake in O'Reilly Automotive in the third quarter valued at $19,786,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 500 shares of the company's stock in a transaction dated 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 sale, the senior vice president now owns 275 shares of the company's stock, valued at $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the company's 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 directly owns 700 shares of the company's stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,968 shares of company stock valued at $2,492,394. 1.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Guggenheim lifted their price target on shares of O'Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a "buy" rating in a report on Friday, February 7th. Morgan Stanley upgraded shares of O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Royal Bank of Canada lifted 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. DA Davidson boosted their target price on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Wedbush boosted their target price on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $1,390.81.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $16.64 during mid-day trading on Thursday, reaching $1,312.44. The stock had a trading volume of 278,208 shares, compared to its average volume of 332,128. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.31 and a beta of 0.94. The company has a 50-day moving average price of $1,252.18 and a two-hundred day moving average price of $1,199.59. 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 earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, equities research analysts anticipate that O'Reilly Automotive, Inc. will post 44.01 earnings per share for the current fiscal year.

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.