O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 536 shares of the specialty retailer’s stock after selling 11 shares during the period. Concurrent Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.7 %

Shares of NASDAQ ORLY opened at $1,303.41 on Monday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The stock has a 50 day moving average of $1,253.69 and a two-hundred day moving average of $1,203.04. The stock has a market cap of $75.25 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.34 and a beta of 0.94.

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

Analysts Set New Price Targets

ORLY has been the subject of several recent research reports. Barclays raised their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Wedbush raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets raised their price target 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. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and an average target price of $1,390.81.

Insider Activity

In related news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 248 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the transaction, the director now directly owns 971 shares in the company, valued at $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,581 shares of company stock valued at $2,071,810. Company insiders own 1.55% 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.