Desjardins Global Asset Management Inc. Has $2.97 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Desjardins Global Asset Management Inc. lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 43.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,127 shares of the specialty retailer’s stock after selling 2,366 shares during the period. Desjardins Global Asset Management Inc.’s holdings in O’Reilly Automotive were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Wealth Alliance grew its position in shares of O’Reilly Automotive by 26.1% in the 4th quarter. Wealth Alliance now owns 358 shares of the specialty retailer’s stock valued at $340,000 after acquiring an additional 74 shares during the period. SVB Wealth LLC grew its position in shares of O’Reilly Automotive by 12.4% in the 4th quarter. SVB Wealth LLC now owns 1,813 shares of the specialty retailer’s stock valued at $1,722,000 after acquiring an additional 200 shares during the period. Eads & Heald Wealth Management grew its position in shares of O’Reilly Automotive by 1.4% in the 4th quarter. Eads & Heald Wealth Management now owns 2,433 shares of the specialty retailer’s stock valued at $2,312,000 after acquiring an additional 33 shares during the period. VELA Investment Management LLC grew its position in shares of O’Reilly Automotive by 1.8% in the 4th quarter. VELA Investment Management LLC now owns 2,599 shares of the specialty retailer’s stock valued at $2,469,000 after acquiring an additional 45 shares during the period. Finally, Donaldson Capital Management LLC grew its position in shares of O’Reilly Automotive by 9.3% in the 4th quarter. Donaldson Capital Management LLC now owns 5,814 shares of the specialty retailer’s stock valued at $5,524,000 after acquiring an additional 495 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares in the company, valued at $217,933,947. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,468 shares of company stock worth $28,769,333. 1.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORLY. Mizuho began coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Evercore ISI reduced their target price on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.59.

O’Reilly Automotive Trading Up 2.2 %

NASDAQ ORLY traded up $23.71 on Tuesday, hitting $1,092.98. 304,370 shares of the company were exchanged, compared to its average volume of 364,663. The company has a market cap of $64.52 billion, a PE ratio of 28.24, a PEG ratio of 1.95 and a beta of 0.86. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a fifty day moving average of $1,089.77 and a 200-day moving average of $1,005.60.

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 the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.37 earnings per share. On average, analysts expect that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

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.