Western Wealth Management LLC Purchases 49 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Western Wealth Management LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,114 shares of the specialty retailer’s stock after buying an additional 49 shares during the quarter. Western Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. Tilt Investment Management Holdings PBC bought a new position in O’Reilly Automotive in the 4th quarter worth $228,000. Cambridge Trust Co. raised its holdings in O’Reilly Automotive by 0.7% in the 4th quarter. Cambridge Trust Co. now owns 18,304 shares of the specialty retailer’s stock worth $17,390,000 after purchasing an additional 125 shares in the last quarter. NBW Capital LLC bought a new position in O’Reilly Automotive in the 4th quarter worth $3,625,000. Ninety One North America Inc. raised its holdings in O’Reilly Automotive by 2.9% in the 4th quarter. Ninety One North America Inc. now owns 5,936 shares of the specialty retailer’s stock worth $5,640,000 after purchasing an additional 167 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ raised its holdings in O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after purchasing an additional 10 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,968 shares of company stock worth $27,269,333. Insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group raised their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho initiated coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Evercore ISI lowered their price target on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Barclays boosted their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,102.53.

O’Reilly Automotive Stock Performance

ORLY stock traded up $6.26 during mid-day trading on Thursday, reaching $1,101.06. 284,255 shares of the stock traded hands, compared to its average volume of 366,493. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The stock has a market capitalization of $65.00 billion, a PE ratio of 28.45, a PEG ratio of 1.98 and a beta of 0.86. The business has a 50-day moving average price of $1,091.08 and a two-hundred day moving average price of $1,007.49.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.37 earnings per share. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current fiscal year.

O’Reilly Automotive Company 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.