Ninety One North America Inc. Boosts Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Ninety One North America Inc. raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,936 shares of the specialty retailer’s stock after buying an additional 167 shares during the quarter. Ninety One North America Inc.’s holdings in O’Reilly Automotive were worth $5,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLY. Cornerstone Planning Group LLC acquired a new stake in O’Reilly Automotive in the second quarter valued at $25,000. Steward Financial Group LLC lifted its holdings in O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the period. Ancora Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at $34,000. Finally, Carmel Capital Partners LLC lifted its holdings in O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock traded up $8.33 during midday trading on Thursday, reaching $1,103.13. 122,025 shares of the company were exchanged, compared to its average volume of 364,156. The company has a market capitalization of $65.12 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.98 and a beta of 0.86. The firm’s 50-day simple moving average is $1,091.08 and its 200-day simple moving average is $1,007.49. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $8.37 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORLY shares. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Evercore ISI cut their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. The Goldman Sachs Group lifted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,102.53.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock worth $27,269,333 in the last 90 days. 1.55% of the stock is owned by company insiders.

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.