Illinois Municipal Retirement Fund Raises Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Illinois Municipal Retirement Fund increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,739 shares of the specialty retailer’s stock after buying an additional 2,399 shares during the period. Illinois Municipal Retirement Fund’s holdings in O’Reilly Automotive were worth $19,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Financial Group LLC increased its position in shares of O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 17 shares during the period. Carmel Capital Partners LLC grew its position in shares of O’Reilly Automotive by 1,750.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $39,000. Washington Trust Advisors Inc. lifted its position in O’Reilly Automotive by 31.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 13 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in O’Reilly Automotive by 29.5% in the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at $987,316. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORLY. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Truist Financial raised their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Evercore ISI reduced their target price 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, April 16th. Finally, Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,115.19.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded up $0.52 during midday trading on Monday, reaching $1,091.46. 340,953 shares of the company’s stock traded hands, compared to its average volume of 365,535. The company has a market cap of $64.43 billion, a P/E ratio of 28.36, a PEG ratio of 1.98 and a beta of 0.86. The company has a fifty day simple moving average of $1,095.28 and a two-hundred day simple moving average of $1,012.45. 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 announced its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the firm earned $8.37 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 42.09 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.