Sovran Advisors LLC Acquires Shares of 719 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sovran Advisors LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 719 shares of the specialty retailer’s stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORLY. Wellington Management Group LLP boosted 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 buying an additional 728,040 shares during the period. Geode Capital Management LLC raised its holdings in O’Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock valued at $1,700,513,000 after acquiring an additional 24,135 shares in the last quarter. International Assets Investment Management LLC lifted its position 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 valued at $984,027,000 after acquiring an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings 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 worth $5,393,000 after purchasing an additional 482,670 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the 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 completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Up 1.1 %

Shares of ORLY opened at $1,323.94 on Wednesday. The stock has a market cap of $76.43 billion, a PE ratio of 32.56, a PEG ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The business has a 50-day simple moving average of $1,243.39 and a two-hundred day simple moving average of $1,190.81.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 negative return on equity of 166.88% and a net margin of 14.28%. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 44.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORLY. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. 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. UBS Group boosted their price objective 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. Finally, Barclays raised their target price on 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 research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $1,390.81.

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.