Convergence Financial LLC Invests $299,000 in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Convergence Financial LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 252 shares of the specialty retailer’s stock, valued at approximately $299,000.

Other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive in the 4th quarter worth $30,000. Kestra Investment Management LLC bought a new position in O’Reilly Automotive in the 4th quarter worth $32,000. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth $32,000. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the 3rd quarter worth $37,000. Finally, Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth $41,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Trading Down 1.2 %

ORLY opened at $1,330.42 on Thursday. The firm has a market cap of $76.81 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27. The stock has a 50-day moving average of $1,258.72 and a 200 day moving average of $1,206.84.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the completion of the transaction, the director now owns 452 shares in the company, valued at $592,675.96. The trade was a 35.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at $988,000. This trade represents a 52.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock worth $10,409,618 over the last 90 days. Company insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORLY shares. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Barclays raised their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Guggenheim raised their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Evercore ISI raised their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus 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.