TCV Trust & Wealth Management Inc. Boosts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

TCV Trust & Wealth Management Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 8,358 shares of the specialty retailer’s stock after purchasing an additional 188 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in O’Reilly Automotive were worth $9,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Assetmark Inc. boosted its stake in O’Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after buying an additional 3,193 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of O’Reilly Automotive by 23.2% during the fourth 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 during the period. CIBC Asset Management Inc boosted its holdings in O’Reilly Automotive by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after acquiring an additional 882 shares during the period. Montecito Bank & Trust acquired a new position in O’Reilly Automotive in the 4th quarter valued at about $365,000. Finally, Eastern Bank purchased a new stake in O’Reilly Automotive during the third quarter worth about $19,786,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,323.94 on Wednesday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The stock has a market capitalization of $76.43 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.50 and a beta of 0.94. The company’s fifty day moving average is $1,243.39 and its two-hundred day moving average is $1,190.81.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results 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 negative return on equity of 166.88% and a net margin of 14.28%. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of 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. TD Cowen increased their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Guggenheim boosted their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wedbush increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.