Resonant Capital Advisors LLC Buys 13 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Resonant Capital Advisors LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,032 shares of the specialty retailer’s stock after buying an additional 13 shares during the period. Resonant Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $1,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORLY. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $41,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $1,301.82.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated 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 owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,294.42 on Monday. The firm has a market cap of $74.73 billion, a PE ratio of 32.02, a P/E/G ratio of 2.40 and a beta of 0.94. The firm’s fifty day moving average is $1,233.49 and its 200 day moving average is $1,179.29. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,311.78.

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.