O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,427 shares of the specialty retailer’s stock after acquiring an additional 24 shares during the period. QRG Capital Management Inc.’s holdings in O’Reilly Automotive were worth $4,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marks Group Wealth Management Inc raised its position in O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 9 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of O’Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 9 shares during the period. Metis Global Partners LLC lifted its position in O’Reilly Automotive by 0.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after acquiring an additional 9 shares in the last quarter. L.M. Kohn & Company boosted its holdings in O’Reilly Automotive by 1.4% in the 3rd quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after acquiring an additional 9 shares during the period. Finally, Advisory Alpha LLC grew its position in O’Reilly Automotive by 4.4% in the fourth quarter. Advisory Alpha LLC now owns 215 shares of the specialty retailer’s stock valued at $255,000 after acquiring an additional 9 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, Chairman Gregory L. Henslee sold 3,073 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. This represents a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Weiss sold 248 shares of O’Reilly Automotive stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the completion of the sale, the director now owns 452 shares in the company, valued at approximately $592,675.96. This represents a 35.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ORLY shares. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wedbush upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, Mizuho raised their price objective on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,373.64 on Friday. The firm has a market cap of $79.30 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,378.76. The firm has a fifty day moving average price of $1,264.60 and a two-hundred day moving average price of $1,210.28.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS 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.