Stevens Capital Management LP Invests $2.28 Million in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Stevens Capital Management LP purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,395 shares of the specialty retailer’s stock, valued at approximately $2,275,000.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in O’Reilly Automotive by 7.6% during the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares during the last quarter. Invesco Ltd. grew its holdings in O’Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after purchasing an additional 31,487 shares during the last quarter. Northern Trust Corp grew its holdings in O’Reilly Automotive by 3.5% during the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock valued at $621,249,000 after purchasing an additional 23,016 shares during the last quarter. International Assets Investment Management LLC grew its holdings in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares during the last quarter. Finally, Winslow Capital Management LLC grew its stake in shares of O’Reilly Automotive by 14.7% in the third quarter. Winslow Capital Management LLC now owns 302,615 shares of the specialty retailer’s stock worth $275,035,000 after acquiring an additional 38,762 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded down $10.20 during trading on Friday, hitting $1,043.93. 335,739 shares of the company were exchanged, compared to its average volume of 372,750. The firm’s fifty day moving average price is $1,097.34 and its 200 day moving average price is $1,014.62. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The firm has a market capitalization of $61.62 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $8.28 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 42.1 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of the firm’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 transaction of $1,295,391.72. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 in the last ninety days. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ORLY shares. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Barclays lifted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Royal Bank of Canada lifted their price target on 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. Finally, Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,106.31.

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.