Deane Retirement Strategies Inc. Raises Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Deane Retirement Strategies Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,693 shares of the specialty retailer’s stock after purchasing an additional 20 shares during the quarter. O’Reilly Automotive makes up approximately 2.2% of Deane Retirement Strategies Inc.’s holdings, making the stock its 15th largest holding. Deane Retirement Strategies Inc.’s holdings in O’Reilly Automotive were worth $4,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of O’Reilly Automotive by 2.5% during the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares in the last quarter. Assetmark Inc. grew its position in O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. Annex Advisory Services LLC increased its stake in 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 valued at $40,349,000 after purchasing an additional 6,418 shares in the last quarter. CIBC Asset Management Inc raised its holdings in O’Reilly Automotive by 4.7% in the third 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. Finally, 3Chopt Investment Partners LLC bought a new position in shares of O’Reilly Automotive in the second quarter worth approximately $851,000. Institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % 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 this hyperlink. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on 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 sale, the director now owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Down 0.3 %

O’Reilly Automotive stock opened at $1,278.34 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,289.93. The firm has a market capitalization of $73.80 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.30 and a beta of 0.94. The firm has a 50 day moving average of $1,226.50 and a 200 day moving average of $1,172.24.

Analyst Upgrades and Downgrades

A number of research firms have commented on ORLY. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. BMO Capital Markets initiated coverage on O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Truist Financial upped their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, 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 report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Buy” and an average target price of $1,301.82.

About O’Reilly Automotive

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.