Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 26.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 69,858 shares of the specialty retailer’s stock after purchasing an additional 14,422 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in O’Reilly Automotive were worth $6,449,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $25,000. Tucker Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at $27,000. Whipplewood Advisors LLC boosted its holdings in O’Reilly Automotive by 1,552.6% in the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 295 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its holdings in O’Reilly Automotive by 54.3% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 114 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.
O’Reilly Automotive Stock Up 1.2%
NASDAQ:ORLY opened at $87.29 on Tuesday. O’Reilly Automotive, Inc. has a 12-month low of $82.71 and a 12-month high of $108.71. The stock’s fifty day simple moving average is $89.49 and its 200-day simple moving average is $92.10. The firm has a market capitalization of $72.34 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.90 and a beta of 0.51.
Wall Street Analyst Weigh In
ORLY has been the subject of several recent research reports. Mizuho boosted their price objective on O’Reilly Automotive from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup restated a “buy” rating and set a $115.00 target price (up from $110.00) on shares of O’Reilly Automotive in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating and issued a $117.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 30th. Finally, UBS Group boosted their price target on shares of O’Reilly Automotive from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.85.
Get Our Latest Research Report on ORLY
Insider Activity at O’Reilly Automotive
In other news, Director John Raymond Murphy sold 2,595 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $88.67, for a total transaction of $230,098.65. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately $354,680. The trade was a 39.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 1,200 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $88.32, for a total value of $105,984.00. Following the completion of the sale, the director directly owned 19,675 shares of the company’s stock, valued at approximately $1,737,696. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 105,730 shares of company stock worth $9,815,388. 0.77% of the stock is owned by company insiders.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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