Miracle Mile Advisors LLC Acquires Shares of 307 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Miracle Mile Advisors LLC acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 307 shares of the specialty retailer’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also bought and sold shares of ORLY. Norges Bank bought a new position in O’Reilly Automotive during the fourth quarter valued at $568,266,000. Morgan Stanley lifted its position in shares of O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of O’Reilly Automotive by 101,509.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after acquiring an additional 530,893 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after acquiring an additional 386,822 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $198,365,000. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ORLY shares. Barclays increased their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group increased their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, TD Cowen increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

View Our Latest Stock Analysis on O’Reilly Automotive

O’Reilly Automotive Stock Up 0.9 %

Shares of ORLY stock opened at $1,140.21 on Wednesday. The business has a 50-day moving average price of $1,076.05 and a two-hundred day moving average price of $993.36. O’Reilly Automotive, Inc. has a 12-month low of $851.22 and a 12-month high of $1,169.11. The firm has a market cap of $67.31 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.37 earnings per share. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now owns 963 shares in the company, valued at $1,000,200.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Christopher Andrew Mancini sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,468 shares of company stock worth $28,769,333. Company insiders own 1.55% of the company’s stock.

About O’Reilly Automotive

(Free Report)

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.

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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