Moors & Cabot Inc. Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Moors & Cabot Inc. boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 977 shares of the specialty retailer’s stock after buying an additional 57 shares during the period. Moors & Cabot Inc.’s holdings in O’Reilly Automotive were worth $1,159,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ORLY. Venturi Wealth Management LLC increased its stake in O’Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after buying an additional 9 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in O’Reilly Automotive in the 3rd quarter worth $228,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in O’Reilly Automotive by 5.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 801 shares of the specialty retailer’s stock worth $922,000 after buying an additional 43 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in O’Reilly Automotive in the 3rd quarter worth $266,000. Finally, Haverford Trust Co increased its stake in O’Reilly Automotive by 23.2% in the 3rd quarter. Haverford Trust Co now owns 281 shares of the specialty retailer’s stock worth $324,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,289.49 on Friday. The company has a market cap of $73.85 billion, a P/E ratio of 31.71, a PEG ratio of 2.34 and a beta of 0.91. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,389.05. The firm has a 50-day simple moving average of $1,288.56 and a two-hundred day simple moving average of $1,222.68.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping 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 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 over the last 90 days. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of analyst reports. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Mizuho increased their price objective on shares of 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. BMO Capital Markets increased their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Barclays increased their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Company 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.