D.A. Davidson & CO. Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

D.A. Davidson & CO. raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,185 shares of the specialty retailer’s stock after buying an additional 251 shares during the period. D.A. Davidson & CO.’s holdings in O’Reilly Automotive were worth $3,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive during the fourth quarter worth $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at $32,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $46,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

ORLY opened at $1,312.44 on Friday. The business’s 50-day simple moving average is $1,253.03 and its 200-day simple moving average is $1,200.38. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27. The stock has a market capitalization of $75.77 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 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%. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 44.01 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,368 shares of company stock worth $1,757,952. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Evercore ISI increased their price objective on 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. DA Davidson increased their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Guggenheim raised their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,390.81.

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.