Ritholtz Wealth Management raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating ) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,666 shares of the specialty retailer’s stock after buying an additional 366 shares during the period. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $2,250,000 at the end of the most recent reporting period.
→ Bank accounts: frozen! (From Weiss Ratings)
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Romano Brothers AND Company bought a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $27,000. Riverview Trust Co grew its position in shares of O’Reilly Automotive by 56.5% during the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Legacy Bridge LLC grew its position in shares of O’Reilly Automotive by 180.0% during the fourth quarter. Legacy Bridge LLC now owns 56 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 36 shares during the period. Northern Oak Wealth Management Inc. bought a new position in shares of O’Reilly Automotive during the second quarter valued at about $40,000. Finally, New Millennium Group LLC bought a new position in shares of O’Reilly Automotive during the second quarter valued at about $46,000. Currently, 90.50% of the shares are owned by institutional investors and hedge funds.
Analysts set new price targets
Several research analysts have recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $820.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, February 9th. Oppenheimer raised their target price on shares of O’Reilly Automotive from $800.00 to $890.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $780.00 to $830.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 17th. Stephens reaffirmed an “overweight” rating and set a $900.00 target price on shares of O’Reilly Automotive in a report on Thursday, February 9th. Finally, Truist Financial lifted their target price on shares of O’Reilly Automotive from $892.00 to $921.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $859.60, based on data from MarketBeat.
Internal activity
In other news, SVP Jeffrey Alan Lauro sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $834.31, for a total value of $417,155.00. Following the completion of the transaction, the senior vice president now directly owns 768 shares in the company, valued at approximately $640,750.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Preferred companies own 1.73% of the company’s shares.
O’Reilly Automotive stock rises 1.2%
NASDAQ ORLY opened at $810.76 on Friday. The company has a market cap of $50.13 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.69 and a beta of 0.88. O’Reilly Automotive, Inc. it has a 12-month low of $562.90 and a 12-month high of $873.94. The company has a 50 day moving average price of $820.42 and a two hundred day moving average price of $800.52.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 EPS for the quarter, topping the consensus estimate of $7.71 by $0.66. The company had revenue of $3.64 billion in the quarter, compared to analysts’ expectations of $3.5 billion. O’Reilly Automotive had a net margin of 15.08% and a negative return on equity of 234.76%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $7.64 EPS. Equities analysts expect O’Reilly Automotive, Inc. get 36.62 EPS for the current year.
O’Reilly Automotive Profile
(get a score)
O’Reilly Automotive, Inc owns and operates dealerships in the United States. It is engaged in the distribution and retail of automotive parts, tools, supplies, equipment and accessories in the USA, serving both professional installers and do-it-yourself customers. Provides new and remanufactured automotive hard parts such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, items maintenance products consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives and appearance products and accessories such as carpets, seat covers and truck accessories.
Recommended stories
Want to see what other hedge funds have ORLY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Scored).
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider O’Reilly Automotive, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes notice … and O’Reilly Automotive wasn’t on the list.
While O’Reilly Automotive currently has a “Moderate Buy” rating among analysts, the top rated analysts believe these five stocks are best buys.
Check out the five stocks here
