Gradient Investments LLC Grows Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Gradient Investments LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,063 shares of the specialty retailer’s stock after buying an additional 101 shares during the quarter. Gradient Investments LLC’s holdings in O’Reilly Automotive were worth $6,805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sepio Capital LP increased its position in O’Reilly Automotive by 110.6% during the third quarter. Sepio Capital LP now owns 4,715 shares of the specialty retailer’s stock worth $3,316,000 after purchasing an additional 2,476 shares during the last quarter. PFG Advisors increased its holdings in shares of O’Reilly Automotive by 13.1% during the 3rd quarter. PFG Advisors now owns 1,077 shares of the specialty retailer’s stock worth $758,000 after buying an additional 125 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of O’Reilly Automotive by 60.2% in the 3rd quarter. Money Concepts Capital Corp now owns 165 shares of the specialty retailer’s stock worth $116,000 after buying an additional 62 shares during the period. Ritholtz Wealth Management boosted its holdings in O’Reilly Automotive by 203.8% in the third quarter. Ritholtz Wealth Management now owns 2,300 shares of the specialty retailer’s stock valued at $1,618,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its position in O’Reilly Automotive by 7.3% during the second quarter. Cetera Advisor Networks LLC now owns 6,765 shares of the specialty retailer’s stock valued at $4,274,000 after acquiring an additional 458 shares during the period. Hedge funds and other institutional investors own 90.50% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 500 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $834.31, for a total transaction of $417,155.00. Following the transaction, the senior vice president now directly owns 768 shares in the company, valued at approximately $640,750.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ORLY shares. Oppenheimer raised their price objective on O’Reilly Automotive from $800.00 to $890.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. Roth Capital reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, February 8th. Wedbush reissued a “neutral” rating and issued a $820.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, February 9th. Citigroup raised their target price on shares of O’Reilly Automotive from $770.00 to $855.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. Finally, Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $780.00 to $830.00 and gave the company an “equal weight” rating in a report on Tuesday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $859.60.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $797.87 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $562.90 and a 1 year high of $873.94. The stock’s 50-day simple moving average is $821.43 and its 200-day simple moving average is $796.06. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.73 and a beta of 0.88.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The specialty retailer reported $8.37 earnings per share for the quarter, beating analysts’ consensus estimates of $7.71 by $0.66. O’Reilly Automotive had a negative return on equity of 234.76% and a net margin of 15.08%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm earned $7.64 EPS. O’Reilly Automotive’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 36.62 EPS for the current year.

About O’Reilly Automotive

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.