Daiwa Securities Group Inc. Has $15.50 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Daiwa Securities Group Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,069 shares of the specialty retailer’s stock after buying an additional 795 shares during the quarter. Daiwa Securities Group Inc.’s holdings in O’Reilly Automotive were worth $15,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter worth $30,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $37,000. Finally, Retirement Wealth Solutions LLC bought a new position in O’Reilly Automotive in the fourth quarter valued at approximately $46,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORLY. Barclays boosted their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. DA Davidson increased their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wedbush lifted their price target 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. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and a consensus target price of $1,390.81.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 248 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the completion of the sale, the director now owns 971 shares in the company, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 over the last ninety days. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Trading Up 2.1 %

ORLY opened at $1,346.58 on Tuesday. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,389.05. The company has a market cap of $77.12 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 2.34 and a beta of 0.91. The company’s fifty day moving average price is $1,281.29 and its two-hundred day moving average price is $1,220.14.

O’Reilly Automotive (NASDAQ:ORLY) last posted 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 net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

About O’Reilly Automotive

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.