ING Groep NV Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

ING Groep NV raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 888.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,293 shares of the specialty retailer’s stock after buying an additional 2,960 shares during the quarter. ING Groep NV’s holdings in O’Reilly Automotive were worth $3,905,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ORLY. Flossbach Von Storch SE increased its position in O’Reilly Automotive by 11.2% during the 4th quarter. Flossbach Von Storch SE now owns 12,295 shares of the specialty retailer’s stock worth $14,579,000 after purchasing an additional 1,237 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in shares of O’Reilly Automotive by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 25,058 shares of the specialty retailer’s stock worth $29,714,000 after purchasing an additional 212 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of O’Reilly Automotive by 0.6% in the fourth quarter. Handelsbanken Fonder AB now owns 30,152 shares of the specialty retailer’s stock valued at $35,754,000 after buying an additional 188 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of O’Reilly Automotive by 18.7% during the fourth quarter. Private Advisor Group LLC now owns 3,158 shares of the specialty retailer’s stock valued at $3,745,000 after buying an additional 498 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in O’Reilly Automotive by 121.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,801 shares of the specialty retailer’s stock worth $4,507,000 after acquiring an additional 2,084 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the sale, the director now owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,201 shares of company stock valued at $2,840,852 over the last 90 days. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Trading Down 0.7 %

Shares of O’Reilly Automotive stock opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The stock has a market cap of $75.25 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The company has a fifty day moving average price of $1,253.69 and a 200 day moving average price of $1,202.38.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORLY. Mizuho boosted their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group upped their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays raised their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Guggenheim upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wedbush raised their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,390.81.

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.