Pointe Capital Management LLC Reduces Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pointe Capital Management LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 688 shares of the specialty retailer’s stock after selling 16 shares during the period. Pointe Capital Management LLC’s holdings in O’Reilly Automotive were worth $816,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive during the 4th quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth approximately $32,000. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive during the third quarter worth approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $41,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the transaction, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $364,375. This trade represents a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 248 shares of the business’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 directly owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,581 shares of company stock valued at $3,375,490 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORLY. Guggenheim upped their price objective on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group upped their price target on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. BMO Capital Markets boosted their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Wedbush raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,346.58 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27. The company has a market capitalization of $77.74 billion, a PE ratio of 33.12, a P/E/G ratio of 2.34 and a beta of 0.94. The business has a 50-day moving average of $1,256.62 and a 200-day moving average of $1,205.97.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.