O’Reilly Automotive, Inc. (NASDAQ:ORLY) Chairman Sells $4,041,455.95 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Chairman Gregory L. Henslee sold 3,073 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the sale, the chairman now directly owns 11,397 shares in the company, valued at approximately $14,988,764.55. This represents a 21.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,373.64 on Friday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,378.76. The company has a market cap of $79.30 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.34 and a beta of 0.94. The firm’s fifty day moving average price is $1,264.60 and its two-hundred day moving average price is $1,209.61.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently modified their holdings of ORLY. Norges Bank acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $867,190,000. Wellington Management Group LLP grew its stake in shares of O’Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after acquiring an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of O’Reilly Automotive by 205,600.0% in the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after acquiring an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of O’Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after acquiring an additional 482,670 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $208,248,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on ORLY shares. Wedbush boosted their price objective 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. UBS Group upped their price target on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Guggenheim upped their price target on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.