Ritholtz Wealth Management Sells 42 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ritholtz Wealth Management decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,429 shares of the specialty retailer’s stock after selling 42 shares during the quarter. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in O’Reilly Automotive during the fourth quarter worth $568,266,000. Morgan Stanley increased its position in shares of O’Reilly Automotive by 113.8% in the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC grew its position in O’Reilly Automotive by 101,509.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after purchasing an additional 530,893 shares during the period. Arrowstreet Capital Limited Partnership grew its position in O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in O’Reilly Automotive during the 3rd quarter worth about $198,365,000. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,468 shares of company stock valued at $28,769,333. 1.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho assumed coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $1,060.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,085.47.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded down $6.64 during mid-day trading on Thursday, reaching $1,128.88. The company’s stock had a trading volume of 292,987 shares, compared to its average volume of 381,275. The company has a market cap of $66.65 billion, a P/E ratio of 29.34, a PEG ratio of 2.06 and a beta of 0.86. The firm’s 50-day moving average is $1,069.88 and its two-hundred day moving average is $988.83. O’Reilly Automotive, Inc. has a 1-year low of $821.61 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.07 by $0.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $8.37 EPS. Sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current 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.