Alexander Labrunerie & CO. Inc. Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Alexander Labrunerie & CO. Inc. reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 474 shares of the specialty retailer’s stock after selling 14 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in O’Reilly Automotive were worth $562,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORLY. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at $30,000. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive in the third quarter valued at $32,000. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive during the 3rd quarter valued at $37,000. Finally, Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the 3rd quarter valued at $41,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Up 1.4 %

ORLY stock opened at $1,334.19 on Wednesday. The firm’s 50-day simple moving average is $1,235.04 and its 200 day simple moving average is $1,181.32. The stock has a market cap of $77.02 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,336.63.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORLY. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. TD Cowen increased their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,301.82.

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.