Washington Trust Advisors Inc. Grows Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Washington Trust Advisors Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55 shares of the specialty retailer’s stock after purchasing an additional 13 shares during the period. Washington Trust Advisors Inc.’s holdings in O’Reilly Automotive were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLY. Norges Bank purchased a new stake in O’Reilly Automotive in the fourth quarter worth $568,266,000. Morgan Stanley increased its stake in O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after purchasing an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC increased its stake in O’Reilly Automotive by 101,509.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after purchasing an additional 530,893 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock valued at $470,900,000 after buying an additional 386,822 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of O’Reilly Automotive during the third quarter valued at $198,365,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.7 %

NASDAQ ORLY traded down $8.36 on Thursday, reaching $1,127.16. 119,222 shares of the company were exchanged, compared to its average volume of 378,326. The business’s fifty day moving average price is $1,067.01 and its 200 day moving average price is $987.80. The stock has a market capitalization of $66.55 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. O’Reilly Automotive, Inc. has a fifty-two week low of $821.61 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.37 earnings per share. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the sale, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,468 shares of company stock valued at $28,769,333. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORLY. Mizuho began coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Wedbush raised their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. TD Cowen raised their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Monday. Finally, StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,085.47.

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.