Quartz Partners LLC Raises Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Quartz Partners LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 612 shares of the specialty retailer’s stock after acquiring an additional 13 shares during the quarter. Quartz Partners LLC’s holdings in O’Reilly Automotive were worth $726,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. AlphaMark Advisors LLC bought a new stake in O’Reilly Automotive in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth $32,000. Darwin Wealth Management LLC bought a new stake in shares of O’Reilly Automotive in the third quarter worth $32,000. MidAtlantic Capital Management Inc. bought a new stake in shares of O’Reilly Automotive in the third quarter worth $37,000. Finally, Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the third quarter worth about $41,000. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. The trade was a 52.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now owns 971 shares in the company, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,581 shares of company stock worth $2,071,810 in the last three months. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,303.41 on Monday. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27. The company has a market capitalization of $75.25 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The company’s 50-day simple moving average is $1,253.69 and its two-hundred day simple moving average is $1,203.04.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping 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%. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of a number of analyst reports. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. DA Davidson boosted their price target on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Barclays upped their price objective on 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. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Company 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.