Asahi Life Asset Management CO. LTD. Invests $419,000 in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Asahi Life Asset Management CO. LTD. purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 353 shares of the specialty retailer’s stock, valued at approximately $419,000.

Other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the third quarter worth about $32,000. Kestra Investment Management LLC acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $32,000. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the third quarter worth about $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the third quarter worth about $41,000. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares of the company’s stock, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the sale, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock valued at $10,409,618 over the last 90 days. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,373.64 on Friday. The stock’s 50 day moving average price is $1,264.60 and its 200 day moving average price is $1,210.28. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,378.76. The company has a market capitalization of $79.30 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released 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%. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the subject of several research analyst reports. Barclays upped their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Guggenheim upped their price objective 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. DA Davidson upped their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on shares of 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. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate 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.