State of Alaska Department of Revenue Has $17.09 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

State of Alaska Department of Revenue decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,245 shares of the specialty retailer’s stock after selling 617 shares during the quarter. State of Alaska Department of Revenue’s holdings in O’Reilly Automotive were worth $17,087,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ORLY. Riverview Trust Co boosted its stake in shares of O’Reilly Automotive by 56.5% in the 3rd quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of O’Reilly Automotive by 2.4% in the 3rd quarter. Mission Wealth Management LP now owns 600 shares of the specialty retailer’s stock valued at $422,000 after purchasing an additional 14 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in shares of O’Reilly Automotive by 0.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 3,081 shares of the specialty retailer’s stock valued at $2,167,000 after purchasing an additional 14 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of O’Reilly Automotive by 0.8% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,695 shares of the specialty retailer’s stock valued at $1,192,000 after purchasing an additional 14 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of O’Reilly Automotive by 2.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 564 shares of the specialty retailer’s stock valued at $357,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 90.50% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of a number of research analyst reports. Oppenheimer raised their price target on shares of O’Reilly Automotive from $800.00 to $890.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Roth Capital reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, February 8th. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $850.00 to $925.00 and gave the stock an “overweight” rating in a research report on Thursday, January 5th. StockNews.com initiated coverage on shares of O’Reilly Automotive in a research report on Thursday. They set a “buy” rating on the stock. Finally, Stephens reiterated an “overweight” rating and set a $900.00 target price on shares of O’Reilly Automotive in a research report on Thursday, February 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $859.60.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $21.65 during midday trading on Friday, reaching $797.87. The stock had a trading volume of 665,767 shares, compared to its average volume of 407,840. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. O’Reilly Automotive, Inc. has a twelve month low of $562.90 and a twelve month high of $873.94. The company’s 50 day moving average price is $821.43 and its 200 day moving average price is $796.74.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.71 by $0.66. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.50 billion. O’Reilly Automotive had a net margin of 15.08% and a negative return on equity of 234.76%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.64 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post 36.62 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Jeffrey Alan Lauro sold 500 shares of O’Reilly Automotive stock in a transaction on Friday, February 24th. The shares were sold at an average price of $834.31, for a total value of $417,155.00. Following the completion of the sale, the senior vice president now owns 768 shares in the company, valued at approximately $640,750.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.

O’Reilly Automotive Profile

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.