Vise Technologies Inc. increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 27.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,272 shares of the specialty retailer’s stock after buying an additional 5,655 shares during the period. Vise Technologies Inc.’s holdings in O’Reilly Automotive were worth $2,396,000 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 stock. Eagle Bay Advisors LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in O’Reilly Automotive in the third quarter worth approximately $31,000. Tucker Asset Management LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in O’Reilly Automotive in the fourth quarter worth approximately $34,000. Finally, BNP Paribas increased its holdings in O’Reilly Automotive by 1,400.0% in the second quarter. BNP Paribas now owns 390 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 364 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive Trading Up 2.2%
Shares of O’Reilly Automotive stock opened at $90.33 on Friday. The stock has a fifty day simple moving average of $91.78 and a 200 day simple moving average of $93.69. O’Reilly Automotive, Inc. has a 12-month low of $85.35 and a 12-month high of $108.71. The company has a market capitalization of $74.86 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.
Insider Buying and Selling at O’Reilly Automotive
In other O’Reilly Automotive news, Director John Raymond Murphy sold 2,595 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $88.67, for a total value of $230,098.65. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $354,680. The trade was a 39.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 1,200 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total value of $105,984.00. Following the completion of the transaction, the director directly owned 19,675 shares in the company, valued at approximately $1,737,696. This represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,730 shares of company stock valued at $9,815,388 in the last three months. Insiders own 0.77% of the company’s stock.
Analysts Set New Price Targets
ORLY has been the subject of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $115.00 target price on shares of O’Reilly Automotive in a report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of O’Reilly Automotive in a report on Friday, April 24th. Roth Mkm reiterated a “buy” rating and issued a $109.00 target price on shares of O’Reilly Automotive in a report on Monday, May 4th. UBS Group lifted their target price on O’Reilly Automotive from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.25.
View Our Latest Stock Report on O’Reilly Automotive
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report).
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