GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 34.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,158 shares of the specialty retailer’s stock after buying an additional 5,994 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in O’Reilly Automotive were worth $2,112,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ORLY. Eagle Bay Advisors LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $31,000. Westfuller Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $32,000. United Community Bank lifted its stake in shares of O’Reilly Automotive by 75.0% in the 3rd quarter. United Community Bank now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 135 shares during the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth $34,000. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Stock Down 1.7%
ORLY stock opened at $92.96 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $86.77 and a twelve month high of $108.71. The company has a market cap of $77.78 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58. The business’s 50-day simple moving average is $92.53 and its 200 day simple moving average is $94.70.
Analyst Ratings Changes
Several research firms have commented on ORLY. Roth Mkm reissued a “buy” rating and set a $109.00 target price on shares of O’Reilly Automotive in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating and issued a $112.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 30th. Wells Fargo & Company reissued an “overweight” rating and set a $110.00 price objective (up from $105.00) on shares of O’Reilly Automotive in a report on Thursday, April 30th. Robert W. Baird set a $110.00 price objective on O’Reilly Automotive in a research note on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $115.00 target price on shares of O’Reilly Automotive in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.25.
View Our Latest Stock Report on O’Reilly Automotive
O’Reilly Automotive Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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