Illinois Municipal Retirement Fund Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Illinois Municipal Retirement Fund raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,894 shares of the specialty retailer’s stock after buying an additional 1,652 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in O’Reilly Automotive were worth $21,219,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of O’Reilly Automotive by 73.0% during the 3rd 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 during the last quarter. Mizuho Securities USA LLC boosted its position in shares of O’Reilly Automotive by 10,626.8% during the 3rd 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of O’Reilly Automotive by 28.4% during 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 acquiring an additional 133,139 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in O’Reilly Automotive by 32.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 102,128 shares of the specialty retailer’s stock valued at $121,103,000 after buying an additional 25,091 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in O’Reilly Automotive by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after buying an additional 24,135 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. UBS Group upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. BMO Capital Markets increased their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Guggenheim increased 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. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Maria Sastre sold 248 shares of the 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 sale, the director now directly owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the sale, the chief executive officer now directly owns 760 shares in the company, valued at approximately $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,581 shares of company stock valued at $3,375,490. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,314.91 on Tuesday. The stock has a market capitalization of $75.91 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.34 and a beta of 0.94. The company’s fifty day moving average is $1,254.61 and its two-hundred day moving average is $1,204.41. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27.

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, 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%. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O’Reilly Automotive 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.