Busey Bank Boosts Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Busey Bank increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,056 shares of the specialty retailer’s stock after buying an additional 424 shares during the period. Busey Bank’s holdings in O’Reilly Automotive were worth $9,553,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter worth about $32,000. Trifecta Capital Advisors LLC raised its position in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the 3rd quarter valued at about $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of research analyst reports. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Guggenheim raised their price objective on O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the company a “buy” rating in a report on Friday, January 24th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, TD Cowen boosted their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $1,301.82.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,288.08 on Thursday. The stock has a market capitalization of $74.36 billion, a P/E ratio of 31.87, a PEG ratio of 2.30 and a beta of 0.94. The firm’s 50-day moving average is $1,228.05 and its two-hundred day moving average is $1,173.92. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,291.15.

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.