Dearborn Partners LLC Acquires 23 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Dearborn Partners LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367 shares of the specialty retailer’s stock after purchasing an additional 23 shares during the quarter. Dearborn Partners LLC’s holdings in O’Reilly Automotive were worth $435,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ORLY. Wellington Management Group LLP lifted its stake in O’Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after buying an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC lifted its position in 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 acquiring an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC lifted its position in O’Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares in the last quarter. Raymond James Financial Inc. acquired a new position in O’Reilly Automotive in the 4th quarter worth $208,248,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in O’Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.7 %

ORLY stock opened at $1,324.06 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,389.05. The business’s 50 day simple moving average is $1,284.05 and its 200 day simple moving average is $1,221.60. The firm has a market capitalization of $75.83 billion, a PE ratio of 32.56, a PEG ratio of 2.34 and a beta of 0.91.

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, beating 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, sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORLY. Evercore ISI upped their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. UBS Group raised their price target on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Mizuho boosted their price target on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares of the company’s stock, valued at approximately $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 1,398 shares in the company, valued at $1,872,061.80. This trade represents a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 in the last three months. 1.18% of the stock is currently owned by company insiders.

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.