Congress Asset Management Co. Has $127.72 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Congress Asset Management Co. lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,706 shares of the specialty retailer’s stock after selling 26,179 shares during the period. Congress Asset Management Co. owned approximately 0.19% of O’Reilly Automotive worth $127,718,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.3 %

Shares of O’Reilly Automotive stock opened at $1,318.80 on Friday. The business’s fifty day simple moving average is $1,249.77 and its 200 day simple moving average is $1,195.62. The firm has a market capitalization of $76.13 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Analysts predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. This trade represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,968 shares of company stock worth $2,492,394. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on ORLY shares. Mizuho raised their target price on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,390.81.

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.