Strong Tower Advisory Services Has $405,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Strong Tower Advisory Services lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426 shares of the specialty retailer’s stock after acquiring an additional 18 shares during the period. Strong Tower Advisory Services’ holdings in O’Reilly Automotive were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp grew its stake in shares of O’Reilly Automotive by 3.5% in the second quarter. State Street Corp now owns 2,514,123 shares of the specialty retailer’s stock worth $2,401,742,000 after acquiring an additional 85,062 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of O’Reilly Automotive by 1.8% in the first quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock worth $1,262,904,000 after acquiring an additional 26,201 shares during the last quarter. Morgan Stanley grew its stake in shares of O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after acquiring an additional 635,416 shares during the last quarter. Invesco Ltd. grew its stake in shares of O’Reilly Automotive by 3.7% in the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock worth $807,168,000 after acquiring an additional 31,487 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in O’Reilly Automotive by 8.0% in the third quarter. Jennison Associates LLC now owns 880,855 shares of the specialty retailer’s stock worth $800,574,000 after purchasing an additional 65,534 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,128.88 on Friday. The stock has a 50 day simple moving average of $1,069.88 and a 200 day simple moving average of $988.83. O’Reilly Automotive, Inc. has a 52-week low of $821.61 and a 52-week high of $1,169.11. The firm has a market capitalization of $66.65 billion, a PE ratio of 29.34, a P/E/G ratio of 2.06 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm posted $8.37 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Wedbush raised their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Barclays lifted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Finally, Mizuho began coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,085.47.

Insider Activity

In related news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,468 shares of company stock valued at $28,769,333. 1.55% of the stock is owned by insiders.

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.