Oppenheimer & Co. Inc. Sells 1,320 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Oppenheimer & Co. Inc. trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,198 shares of the specialty retailer’s stock after selling 1,320 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in O’Reilly Automotive were worth $15,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ORLY. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new position in O’Reilly Automotive in the fourth quarter valued at approximately $32,000. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the third quarter valued at approximately $41,000. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ORLY shares. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. UBS Group raised their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. DA Davidson raised their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wedbush raised their price objective on 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. Finally, StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average price target of $1,390.81.

Insider Activity

In other news, Director Maria Sastre sold 248 shares of O’Reilly Automotive 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 owns 971 shares in the company, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. The trade was a 52.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,894 shares of company stock worth $10,409,618. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,330.42 on Thursday. 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. The business has a fifty day moving average price of $1,258.72 and a two-hundred day moving average price of $1,206.84. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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%. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.