Elm3 Financial Group LLC Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Elm3 Financial Group LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 176 shares of the specialty retailer’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in O’Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after acquiring an additional 728,040 shares in the last quarter. Geode Capital Management LLC increased its position in shares of O’Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of O’Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after buying an additional 133,139 shares during the last quarter. Finally, 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 buying an additional 482,670 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets initiated coverage on shares of O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Truist Financial raised their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,301.82.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction on 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 directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Up 1.1 %

Shares of ORLY stock opened at $1,348.24 on Thursday. The stock has a market cap of $77.83 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The stock has a 50 day simple moving average of $1,236.84 and a 200 day simple moving average of $1,183.37.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. Analysts forecast that O’Reilly Automotive, Inc. will post 40.86 EPS for the current year.

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.