Fifth Third Wealth Advisors LLC Buys 35 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fifth Third Wealth Advisors LLC grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the specialty retailer’s stock after acquiring an additional 35 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ORLY. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive during the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC grew its holdings in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $41,000. Finally, Kieckhefer Group LLC acquired a new stake in O’Reilly Automotive during the 4th quarter worth $59,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,204.04 on Thursday. The firm has a 50-day moving average of $1,224.54 and a 200-day moving average of $1,158.85. The company has a market cap of $69.51 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.58 and a beta of 0.94. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $10.72 earnings per share. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ORLY. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI increased their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Roth Mkm restated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong 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 $1,270.69.

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.