SteelPeak Wealth LLC Buys Shares of 903 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

SteelPeak Wealth LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 903 shares of the specialty retailer’s stock, valued at approximately $1,071,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares during the period. Wellington Management Group LLP boosted its holdings in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares during the period. Mizuho Securities USA LLC grew its stake in O’Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after buying an additional 482,670 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in O’Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in O’Reilly Automotive during the 2nd quarter worth $63,793,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research analyst reports. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays raised their price objective on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Wedbush reissued a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $1,301.82.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,288.08 on Thursday. The stock has a market capitalization of $74.36 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The business’s fifty day moving average price is $1,228.05 and its two-hundred day moving average price is $1,173.92. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,291.15.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction 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 position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

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.