Nordea Investment Management AB grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 111.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,489 shares of the specialty retailer’s stock after buying an additional 95,262 shares during the quarter. Nordea Investment Management AB’s holdings in O’Reilly Automotive were worth $16,433,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Nemes Rush Group LLC increased its stake in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 294 shares during the period. True Wealth Design LLC lifted its stake in O’Reilly Automotive by 127.7% in the third quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 152 shares during the period. IAG Wealth Partners LLC bought a new position in O’Reilly Automotive during the 3rd quarter worth about $31,000. Westfuller Advisors LLC bought a new position in O’Reilly Automotive during the 3rd quarter worth about $32,000. Finally, Prestige Wealth Management Group LLC increased its position in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 375 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 350 shares during the period. Institutional investors own 85.00% of the company’s stock.
O’Reilly Automotive Stock Performance
Shares of O’Reilly Automotive stock opened at $87.99 on Wednesday. The company has a market capitalization of $73.78 billion, a PE ratio of 29.69, a P/E/G ratio of 1.96 and a beta of 0.63. The company has a 50-day simple moving average of $94.33 and a two-hundred day simple moving average of $97.08. O’Reilly Automotive, Inc. has a one year low of $86.77 and a one year high of $108.71.
Wall Street Analysts Forecast Growth
ORLY has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Wednesday, January 28th. Morgan Stanley set a $108.00 price objective on shares of O’Reilly Automotive in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Citigroup reduced their price objective on shares of O’Reilly Automotive from $114.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.26.
Check Out Our Latest Analysis 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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