HighPoint Advisor Group LLC Purchases Shares of 817 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

HighPoint Advisor Group LLC purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 817 shares of the specialty retailer’s stock, valued at approximately $776,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. lifted its position in shares of O’Reilly Automotive by 31.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 13 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of O’Reilly Automotive by 29.5% during the 4th quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 13 shares during the last quarter. First Financial Corp IN lifted its position in shares of O’Reilly Automotive by 38.6% during the 4th quarter. First Financial Corp IN now owns 61 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 17 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of O’Reilly Automotive by 81.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 67 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 30 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 28.6% during the 4th quarter. Venturi Wealth Management LLC now owns 81 shares of the specialty retailer’s stock worth $77,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. UBS Group lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company cut their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

Insider Activity

In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,056.65 on Wednesday. The firm has a market cap of $62.23 billion, a PE ratio of 26.82, a P/E/G ratio of 1.91 and a beta of 0.89. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The firm’s fifty day moving average is $1,020.48 and its two-hundred day moving average is $1,028.93.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $8.28 earnings per share. Research analysts predict that O’Reilly Automotive, Inc. will post 41.93 earnings per share 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.