Lake Street Advisors Group LLC Has $778,000 Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Lake Street Advisors Group LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 656 shares of the specialty retailer’s stock after buying an additional 46 shares during the quarter. Lake Street Advisors Group LLC’s holdings in O’Reilly Automotive were worth $778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. grew its holdings in O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after acquiring an additional 3,193 shares during the period. Annex Advisory Services LLC grew its stake in shares of O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after purchasing an additional 6,418 shares during the period. CIBC Asset Management Inc increased its holdings in O’Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares during the last quarter. Montecito Bank & Trust acquired a new position in O’Reilly Automotive in the fourth quarter valued at about $365,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in O’Reilly Automotive by 824.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock worth $4,276,000 after buying an additional 3,216 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Down 1.2 %

NASDAQ:ORLY opened at $1,330.42 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The company has a market cap of $76.81 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The business has a 50 day moving average price of $1,258.72 and a two-hundred day moving average price of $1,206.84.

O’Reilly Automotive (NASDAQ:ORLY) last announced its 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 net margin of 14.28% and a negative return on equity of 166.88%. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Chairman Gregory L. Henslee sold 3,073 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares in the company, valued at $14,988,764.55. This represents a 21.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $10,409,618 in the last three months. Insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORLY. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. DA Davidson lifted their price target on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. BMO Capital Markets upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Guggenheim raised their price objective on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,390.81.

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.