Allspring Global Investments Holdings LLC Buys 19,177 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Allspring Global Investments Holdings LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,814 shares of the specialty retailer’s stock after acquiring an additional 19,177 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of O’Reilly Automotive worth $74,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive during the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC increased its position in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive during the third quarter worth $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at $41,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,324.30 on Thursday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27. The company has a market cap of $76.45 billion, a PE ratio of 32.57, a PEG ratio of 2.50 and a beta of 0.94. The firm has a 50-day moving average of $1,244.91 and a 200-day moving average of $1,192.31.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Mizuho increased their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. DA Davidson boosted their price target on O’Reilly Automotive from $1,450.00 to $1,525.00 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,390.81.

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.