Meridian Wealth Management LLC Increases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meridian Wealth Management LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,966 shares of the specialty retailer’s stock after purchasing an additional 117 shares during the period. Meridian Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,517,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares during the period. Annex Advisory Services LLC increased its stake in O’Reilly Automotive by 23.2% in the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after acquiring an additional 6,418 shares during the last quarter. CIBC Asset Management Inc increased its stake in O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after acquiring an additional 882 shares during the last quarter. Montecito Bank & Trust bought a new position in O’Reilly Automotive in the 4th quarter worth about $365,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of O’Reilly Automotive by 824.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after acquiring an additional 3,216 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now owns 11,397 shares in the company, valued at $14,988,764.55. This represents a 21.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Weiss sold 248 shares of O’Reilly Automotive stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the completion of the sale, the director now owns 452 shares in the company, valued at approximately $592,675.96. This trade represents a 35.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock valued at $10,409,618 over the last ninety days. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” 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 report on Monday, February 10th. Wells Fargo & Company lifted their price objective 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. Mizuho increased their target price on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, DA Davidson raised their price target on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,375.99 on Tuesday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,386.36. The firm has a market cap of $79.44 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The business has a 50 day moving average price of $1,267.97 and a 200-day moving average price of $1,212.68.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share 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%. Research analysts predict that O’Reilly Automotive, Inc. will post 43.94 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.