Edgestream Partners L.P. Boosts Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Edgestream Partners L.P. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,851.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,253 shares of the specialty retailer’s stock after purchasing an additional 7,830 shares during the quarter. O’Reilly Automotive comprises about 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 13th biggest holding. Edgestream Partners L.P.’s holdings in O’Reilly Automotive were worth $9,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares in the last quarter. Annex Advisory Services LLC increased its holdings in O’Reilly Automotive by 23.2% in the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc raised its position in 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 worth $22,568,000 after buying an additional 882 shares during the last quarter. Montecito Bank & Trust purchased a new position in O’Reilly Automotive in the 4th quarter worth about $365,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in O’Reilly Automotive by 824.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after acquiring an additional 3,216 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Down 0.6 %

O’Reilly Automotive stock opened at $1,331.06 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,389.05. The firm has a market capitalization of $76.84 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.34 and a beta of 0.94. The firm has a 50 day moving average of $1,275.52 and a 200 day moving average of $1,216.03.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating 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%. On average, analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Guggenheim lifted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group increased their price target on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays lifted their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Wedbush increased their target price on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the sale, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at $1,872,061.80. This trade represents a 58.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. This trade represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 over the last ninety days. 1.55% of the stock is currently 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.