Handelsbanken Fonder AB Buys 2,800 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Handelsbanken Fonder AB raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,562 shares of the specialty retailer’s stock after buying an additional 2,800 shares during the period. Handelsbanken Fonder AB’s holdings in O’Reilly Automotive were worth $25,236,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fortune Financial Advisors LLC raised its holdings in O’Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 57 shares in the last quarter. SignalPoint Asset Management LLC raised its holdings in O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock valued at $48,567,000 after buying an additional 1,642 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of O’Reilly Automotive by 13.6% in the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after purchasing an additional 4,101 shares during the period. HB Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 7.0% in the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after purchasing an additional 114 shares during the period. Finally, LPL Financial LLC increased its stake in shares of O’Reilly Automotive by 10.8% in the third quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock worth $31,579,000 after purchasing an additional 3,385 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ORLY shares. UBS Group lifted their price objective on 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. The Goldman Sachs Group lifted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Mizuho started coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Wedbush boosted their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,115.19.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,091.46 on Tuesday. The company has a market capitalization of $64.43 billion, a P/E ratio of 28.36, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The business’s 50 day simple moving average is $1,095.28 and its 200-day simple moving average is $1,012.45.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.37 EPS. On average, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

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.