AMJ Financial Wealth Management Lowers Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

AMJ Financial Wealth Management reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,454 shares of the specialty retailer’s stock after selling 12 shares during the period. O’Reilly Automotive makes up approximately 2.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 12th largest position. AMJ Financial Wealth Management’s holdings in O’Reilly Automotive were worth $10,024,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after acquiring an additional 3,193 shares in the last quarter. Annex Advisory Services LLC grew its stake in shares of O’Reilly Automotive by 23.2% during the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after purchasing an additional 6,418 shares during the period. CIBC Asset Management Inc increased its holdings in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares in the last quarter. Montecito Bank & Trust acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $365,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in O’Reilly Automotive by 824.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock worth $4,276,000 after buying an additional 3,216 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ORLY shares. BMO Capital Markets increased their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Mizuho raised their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Up 0.2 %

ORLY stock opened at $1,375.99 on Tuesday. The stock has a market capitalization of $79.44 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,386.36. The stock’s fifty day simple moving average is $1,267.97 and its 200-day simple moving average is $1,212.68.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 3,073 shares of O’Reilly Automotive stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the transaction, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. This trade represents a 21.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the sale, the executive vice president now owns 1,398 shares of the company’s stock, valued at $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is owned by company insiders.

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.