Perigon Wealth Management LLC Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Perigon Wealth Management LLC grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 28.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 578 shares of the specialty retailer’s stock after purchasing an additional 127 shares during the quarter. Perigon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $696,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive in the 4th quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $32,000. Trifecta Capital Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive in the third quarter valued at $37,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. DA Davidson reiterated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. TD Cowen boosted their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets started coverage on O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $1,301.82.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,294.42 on Friday. The firm has a market cap of $74.73 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.39 and a beta of 0.94. The firm’s fifty day moving average is $1,232.15 and its 200 day moving average is $1,175.66. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,311.78.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s 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 value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on 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 $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 1.55% of the company’s stock.

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.