O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Lifted by Meritage Portfolio Management

Meritage Portfolio Management grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,533 shares of the specialty retailer’s stock after purchasing an additional 450 shares during the period. Meritage Portfolio Management’s holdings in O’Reilly Automotive were worth $7,157,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $198,365,000. Assenagon Asset Management S.A. increased its stake in shares of O’Reilly Automotive by 269.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock valued at $205,965,000 after buying an additional 158,075 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of O’Reilly Automotive by 360,914.3% during the third quarter. Loomis Sayles & Co. L P now owns 151,626 shares of the specialty retailer’s stock worth $137,807,000 after purchasing an additional 151,584 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of O’Reilly Automotive by 47.4% during the third quarter. Envestnet Asset Management Inc. now owns 213,648 shares of the specialty retailer’s stock worth $194,176,000 after purchasing an additional 68,728 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORLY. Wedbush restated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Truist Financial decreased their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada boosted 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. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,106.31.

Insider Buying and Selling at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the sale, 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. In the last ninety days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Price Performance

ORLY stock traded down $8.60 during trading on Friday, reaching $1,045.53. 164,776 shares of the stock traded hands, compared to its average volume of 370,548. The business’s 50 day moving average price is $1,097.34 and its 200-day moving average price is $1,014.62. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market capitalization of $61.72 billion, a PE ratio of 26.58, a P/E/G ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 42.1 earnings per share 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.