NewEdge Wealth LLC Decreases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

NewEdge Wealth LLC lessened its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,547 shares of the specialty retailer’s stock after selling 669 shares during the period. NewEdge Wealth LLC’s holdings in O’Reilly Automotive were worth $4,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $30,000. Kestra Investment Management LLC purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $32,000. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $37,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.7 %

NASDAQ:ORLY 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 stock has a market capitalization of $78.14 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The stock’s 50-day moving average price is $1,261.51 and its 200-day moving average price is $1,207.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts’ consensus estimates 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 expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Gregory L. Henslee sold 3,073 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now directly owns 11,397 shares in the company, valued at $14,988,764.55. This trade represents a 21.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the sale, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock worth $10,409,618 in the last ninety days. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ORLY. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson raised their target price on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. 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 research note on Tuesday, January 21st. Barclays raised their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets raised their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,390.81.

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.