O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Jason Lee Tarrant Sells 1,992 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Jason Lee Tarrant sold 1,992 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

O’Reilly Automotive Stock Down 1.2 %

Shares of ORLY stock opened at $1,330.42 on Thursday. The firm has a 50 day moving average of $1,258.72 and a two-hundred day moving average of $1,206.84. The stock has a market capitalization of $76.81 billion, a PE ratio of 32.72, a P/E/G ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of research reports. UBS Group increased their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of 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. Barclays upped their price objective on shares of 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. Finally, Guggenheim raised their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $1,390.81.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. Norges Bank acquired a new stake in O’Reilly Automotive in the fourth quarter valued at approximately $867,190,000. Wellington Management Group LLP increased its position in shares of O’Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of O’Reilly Automotive by 205,600.0% in the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after purchasing an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $208,248,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company 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.