Inspire Advisors LLC Has $1.26 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Inspire Advisors LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,066 shares of the specialty retailer’s stock after acquiring an additional 134 shares during the period. Inspire Advisors LLC’s holdings in O’Reilly Automotive were worth $1,264,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ORLY. Fiera Capital Corp increased its holdings in shares of O’Reilly Automotive by 6.9% during the 3rd quarter. Fiera Capital Corp now owns 419 shares of the specialty retailer’s stock valued at $483,000 after acquiring an additional 27 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $1,225,000. Bridges Investment Management Inc. acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $219,000. Mesirow Financial Investment Management Inc. increased its holdings in shares of O’Reilly Automotive by 7.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 322 shares of the specialty retailer’s stock valued at $371,000 after acquiring an additional 23 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of O’Reilly Automotive by 14.5% during the 3rd quarter. Sigma Planning Corp now owns 1,090 shares of the specialty retailer’s stock valued at $1,255,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mark Joseph Merz sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $364,375. This trade represents a 64.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares of the company’s stock, valued at $1,872,061.80. This trade represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock worth $10,409,618 in the last 90 days. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORLY has been the topic of a number of analyst reports. UBS Group increased their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. DA Davidson raised their target price on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating and issued a $1,475.00 target price on shares of O’Reilly Automotive in a report on Monday. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Trading Up 2.1 %

Shares of ORLY stock opened at $1,346.58 on Tuesday. The stock has a 50 day moving average of $1,281.29 and a two-hundred day moving average of $1,220.14. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,389.05. The company has a market capitalization of $77.12 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts predict 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.