Floyd Financial Group LLC Buys Shares of 853 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Floyd Financial Group LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 853 shares of the specialty retailer’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC lifted its stake in O’Reilly Automotive by 1.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,116 shares of the specialty retailer’s stock valued at $1,323,000 after buying an additional 13 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of O’Reilly Automotive by 21.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 170 shares of the specialty retailer’s stock worth $202,000 after acquiring an additional 30 shares during the period. PFW Advisors LLC bought a new stake in O’Reilly Automotive in the 4th quarter valued at $219,000. Miracle Mile Advisors LLC boosted its stake in O’Reilly Automotive by 9.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 664 shares of the specialty retailer’s stock worth $787,000 after purchasing an additional 58 shares during the period. Finally, Clean Yield Group increased its holdings in O’Reilly Automotive by 7.2% during the 4th quarter. Clean Yield Group now owns 594 shares of the specialty retailer’s stock worth $704,000 after purchasing an additional 40 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of a number of research reports. TD Cowen boosted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets began coverage on O’Reilly Automotive in a research report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,270.69.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,204.33 on Wednesday. The firm has a 50-day moving average of $1,224.54 and a 200-day moving average of $1,158.85. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,283.96. The stock has a market cap of $69.53 billion, a PE ratio of 29.80, a PEG ratio of 2.58 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm earned $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal 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.