Sequoia Financial Advisors LLC Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sequoia Financial Advisors LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 34.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,936 shares of the specialty retailer’s stock after buying an additional 498 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of O’Reilly Automotive in the 4th quarter worth approximately $119,000. Dearborn Partners LLC raised its position in O’Reilly Automotive by 13.1% in the fourth quarter. Dearborn Partners LLC now owns 285 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 33 shares during the period. Fortune Financial Advisors LLC raised its position in O’Reilly Automotive by 2.4% in the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after acquiring an additional 57 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of O’Reilly Automotive by 1.4% during the 4th quarter. Bleakley Financial Group LLC now owns 1,122 shares of the specialty retailer’s stock worth $1,066,000 after acquiring an additional 15 shares during the last quarter. Finally, First National Bank of Hutchinson grew its position in shares of O’Reilly Automotive by 31.1% during the 4th quarter. First National Bank of Hutchinson now owns 1,201 shares of the specialty retailer’s stock valued at $1,141,000 after acquiring an additional 285 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the sale, the chairman now directly owns 205,095 shares in the company, valued at $217,933,947. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,468 shares of company stock worth $28,769,333. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ORLY shares. Barclays lifted their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wedbush upped their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. The Goldman Sachs Group raised their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Evercore ISI upped their price objective on O’Reilly Automotive from $1,235.00 to $1,240.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,076.49 on Friday. The company has a market cap of $63.55 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.97 and a beta of 0.86. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock’s 50 day simple moving average is $1,089.49 and its two-hundred day simple moving average is $1,003.28.

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

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.