Empower Advisory Group LLC Grows Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Empower Advisory Group LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407 shares of the specialty retailer’s stock after purchasing an additional 37 shares during the quarter. Empower Advisory Group LLC’s holdings in O’Reilly Automotive were worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its position in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. Annex Advisory Services LLC increased its stake in O’Reilly Automotive by 23.2% in the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after buying an additional 6,418 shares during the period. CIBC Asset Management Inc increased its stake in O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after buying an additional 882 shares during the period. Montecito Bank & Trust acquired a new position in O’Reilly Automotive in the 4th quarter valued at $365,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in O’Reilly Automotive by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after buying an additional 1,811 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORLY. Mizuho boosted their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. UBS Group boosted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 500 shares of the 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 transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now owns 971 shares in the company, valued at approximately $1,278,001.07. The trade was a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,968 shares of company stock worth $2,492,394. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Down 0.0 %

NASDAQ:ORLY opened at $1,295.80 on Thursday. The firm has a market cap of $74.81 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The company’s 50-day moving average is $1,252.18 and its two-hundred day moving average is $1,199.59. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that O’Reilly Automotive, Inc. will post 44.01 earnings per share for the current fiscal year.

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.