176 Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY) Bought by Elm3 Financial Group LLC

Elm3 Financial Group LLC bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, Holdings Channel reports. The institutional investor bought 176 shares of the specialty retailer’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in O’Reilly Automotive by 5.3% during the 3rd quarter. Czech National Bank now owns 11,816 shares of the specialty retailer’s stock worth $13,607,000 after buying an additional 593 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of O’Reilly Automotive by 21.0% in the third quarter. Miracle Mile Advisors LLC now owns 606 shares of the specialty retailer’s stock worth $698,000 after acquiring an additional 105 shares during the period. Atomi Financial Group Inc. boosted its holdings in O’Reilly Automotive by 9.1% in the third quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 28 shares during the last quarter. Wedmont Private Capital increased its position in O’Reilly Automotive by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock valued at $1,022,000 after purchasing an additional 41 shares during the period. Finally, Tobam raised its holdings in O’Reilly Automotive by 40.7% during the 3rd quarter. Tobam now owns 121 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 35 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Guggenheim increased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Finally, Wedbush reiterated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $1,301.82.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,348.24 on Thursday. The firm has a market capitalization of $77.83 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,350.27. The stock has a 50 day moving average price of $1,236.84 and a two-hundred day moving average price of $1,183.37.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current year.

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.