AMF Tjanstepension AB Makes New Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

AMF Tjanstepension AB purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,436 shares of the specialty retailer’s stock, valued at approximately $18,304,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLY. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $65,000. Machina Capital S.A.S. bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $677,000. Bradyco Inc. bought a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $709,000. Edgestream Partners L.P. lifted its stake in shares of O’Reilly Automotive by 1,851.1% in the 4th quarter. Edgestream Partners L.P. now owns 8,253 shares of the specialty retailer’s stock valued at $9,786,000 after purchasing an additional 7,830 shares during the last quarter. Finally, Destination Wealth Management lifted its stake in shares of O’Reilly Automotive by 10.9% in the 4th quarter. Destination Wealth Management now owns 14,465 shares of the specialty retailer’s stock valued at $17,153,000 after purchasing an additional 1,416 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, Director Maria Sastre sold 248 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the transaction, the director now directly owns 971 shares in the company, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value 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 represents a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,894 shares of company stock worth $10,409,618. 1.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several analyst reports. Barclays raised their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. DA Davidson raised their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets raised their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Down 0.9 %

ORLY opened at $1,319.01 on Friday. The stock’s fifty day moving average is $1,277.95 and its two-hundred day moving average is $1,217.40. The company has a market capitalization of $75.54 billion, a P/E ratio of 32.44, a PEG ratio of 2.34 and a beta of 0.91. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data 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%. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.