Byrne Asset Management LLC Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Byrne Asset Management LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75 shares of the specialty retailer’s stock after selling 10 shares during the quarter. Byrne Asset Management LLC’s holdings in O’Reilly Automotive were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. Atomi Financial Group Inc. boosted its holdings in O’Reilly Automotive by 9.1% in the third quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock worth $386,000 after acquiring an additional 28 shares in the last quarter. Wedmont Private Capital lifted its position in O’Reilly Automotive by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock worth $1,022,000 after acquiring an additional 41 shares during the period. Tobam grew its stake in O’Reilly Automotive by 40.7% during the 3rd quarter. Tobam now owns 121 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 35 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new position in shares of O’Reilly Automotive in the third quarter valued at about $214,000. Finally, Strong Tower Advisory Services raised its stake in shares of O’Reilly Automotive by 6.1% in the third quarter. Strong Tower Advisory Services now owns 522 shares of the specialty retailer’s stock worth $601,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Down 1.1 %

NASDAQ:ORLY opened at $1,316.75 on Friday. The company has a market capitalization of $76.02 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,350.27. The stock’s fifty day moving average is $1,240.65 and its two-hundred day moving average is $1,185.54.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ORLY shares. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Barclays upped their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday. DA Davidson raised their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen increased their price target on shares of 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. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and an average target price of $1,374.88.

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.