Louisiana State Employees Retirement System Trims Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Louisiana State Employees Retirement System reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.2% in the fourth quarter, HoldingsChannel reports. The fund owned 7,300 shares of the specialty retailer’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in O’Reilly Automotive were worth $8,656,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AlphaMark Advisors LLC purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive during the 3rd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its stake in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive in the third quarter worth $37,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive in the third quarter worth $41,000. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value 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 represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade 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.

Analyst Upgrades and Downgrades

ORLY has been the subject of several recent analyst reports. Mizuho lifted their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays lifted their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. UBS Group increased their price target on shares of 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. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, TD Cowen increased their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Stock Up 1.1 %

O’Reilly Automotive stock opened at $1,323.94 on Wednesday. The business has a 50-day simple moving average of $1,243.39 and a two-hundred day simple moving average of $1,190.81. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The company has a market cap of $76.43 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal 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.