D.A. Davidson & CO. Raises Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

D.A. Davidson & CO. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,185 shares of the specialty retailer’s stock after buying an additional 251 shares during the quarter. D.A. Davidson & CO.’s holdings in O’Reilly Automotive were worth $3,777,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after buying an additional 3,193 shares during the last quarter. Annex Advisory Services LLC boosted its stake in shares of O’Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 6,418 shares during the last quarter. CIBC Asset Management Inc raised its holdings in O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after purchasing an additional 882 shares during the period. Montecito Bank & Trust acquired a new position in O’Reilly Automotive in the 4th quarter worth about $365,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in O’Reilly Automotive by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock worth $32,138,000 after purchasing an additional 1,811 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $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 accessible through this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. The trade was a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,368 shares of company stock worth $1,757,952 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of analyst reports. Mizuho upped their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wedbush upped their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. TD Cowen upped their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Evercore ISI upped their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,312.44 on Friday. The business has a 50 day simple moving average of $1,253.03 and a 200-day simple moving average of $1,200.38. The firm has a market capitalization of $75.77 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly 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%. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 44.01 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.