Victory Capital Management Inc. Sells 1,762 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Victory Capital Management Inc. decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 88,751 shares of the specialty retailer’s stock after selling 1,762 shares during the quarter. Victory Capital Management Inc.’s holdings in O’Reilly Automotive were worth $105,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. QRG Capital Management Inc. raised its position in shares of O’Reilly Automotive by 0.7% in the 3rd quarter. QRG Capital Management Inc. now owns 3,403 shares of the specialty retailer’s stock worth $3,919,000 after acquiring an additional 24 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in O’Reilly Automotive by 32.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 774 shares of the specialty retailer’s stock valued at $891,000 after buying an additional 188 shares in the last quarter. United Advisor Group LLC increased its position in O’Reilly Automotive by 54.0% during the 3rd quarter. United Advisor Group LLC now owns 311 shares of the specialty retailer’s stock valued at $358,000 after buying an additional 109 shares in the last quarter. Marks Group Wealth Management Inc increased its position in O’Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after buying an additional 9 shares in the last quarter. Finally, Catalina Capital Group LLC increased its position in O’Reilly Automotive by 9.1% during the 3rd quarter. Catalina Capital Group LLC now owns 253 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 21 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of analyst reports. Barclays raised their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. BMO Capital Markets lifted their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their target price on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Evercore ISI lifted their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, DA Davidson lifted their target price on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,339.67 on Thursday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,389.05. The company has a market capitalization of $77.34 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The firm has a 50 day moving average price of $1,273.03 and a 200 day moving average price of $1,215.23.

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

Insider Buying and Selling at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 833 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares of the company’s stock, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 248 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the completion of the sale, the director now directly owns 452 shares of the company’s stock, valued at $592,675.96. The trade was a 35.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock valued at $10,409,618 over the last quarter. Corporate insiders own 1.55% of the company’s stock.

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.