Avanza Fonder AB Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avanza Fonder AB acquired a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,750 shares of the specialty retailer’s stock, valued at approximately $6,818,000.

Several other hedge funds have also recently modified their holdings of ORLY. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the period. Geode Capital Management LLC grew its position in O’Reilly Automotive by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after buying an additional 24,135 shares during the period. International Assets Investment Management LLC increased its holdings in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after buying an additional 853,633 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Legal & General Group Plc raised its position in O’Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after acquiring an additional 24,767 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction 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 transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,211.26 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,283.96. The company has a market capitalization of $69.93 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.23 and a beta of 0.94. The firm’s 50 day simple moving average is $1,223.94 and its 200 day simple moving average is $1,159.16.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $10.72 earnings per share. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analysts Set New Price Targets

ORLY has been the topic of a number of research reports. BMO Capital Markets began coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI increased their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. TD Cowen lifted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $1,270.69.

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.