New York Life Investment Management LLC Has $9.22 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

New York Life Investment Management LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,773 shares of the specialty retailer’s stock after buying an additional 24 shares during the quarter. New York Life Investment Management LLC’s holdings in O’Reilly Automotive were worth $9,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP boosted its stake in O’Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after acquiring an additional 728,040 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after purchasing an additional 24,135 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of O’Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after purchasing an additional 133,139 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after purchasing an additional 482,670 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in O’Reilly Automotive by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 365,124 shares of the specialty retailer’s stock valued at $420,477,000 after purchasing an additional 989 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent analyst reports. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. UBS Group boosted their price objective on shares of 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. Wells Fargo & Company increased their target price 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. Barclays lifted their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,390.81.

Insiders Place Their Bets

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 248 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the sale, the director now owns 452 shares in the company, valued at approximately $592,675.96. This represents 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 in the last three months. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,353.46 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,359.19. The business’s 50 day simple moving average is $1,261.51 and its 200 day simple moving average is $1,207.86. The firm has a market cap of $78.14 billion, a PE ratio of 33.29, a P/E/G ratio of 2.34 and a beta of 0.94.

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, topping analysts’ consensus estimates 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 predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.