Janney Montgomery Scott LLC Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Janney Montgomery Scott LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,647 shares of the specialty retailer’s stock after acquiring an additional 886 shares during the quarter. Janney Montgomery Scott LLC’s holdings in O’Reilly Automotive were worth $24,483,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC raised its stake in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the third quarter worth approximately $37,000. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the third quarter worth $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in O’Reilly Automotive during the 4th quarter valued at $46,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ORLY. Wedbush restated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Guggenheim lifted their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1,295.94.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,254.00 on Friday. The company’s 50-day moving average is $1,224.37 and its two-hundred day moving average is $1,166.81. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,283.96. The firm has a market capitalization of $72.39 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.30 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the business earned $10.72 EPS. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current fiscal 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.