New Century Financial Group LLC Buys Shares of 212 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

New Century Financial Group LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 212 shares of the specialty retailer’s stock, valued at approximately $255,000.

Other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in O’Reilly Automotive during the third quarter worth approximately $32,000. Trifecta Capital Advisors LLC raised its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the third quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth about $46,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 0.6 %

Shares of NASDAQ:ORLY opened at $1,254.00 on Friday. The firm has a fifty day moving average of $1,224.37 and a two-hundred day moving average of $1,166.81. O’Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,283.96. The firm has a market capitalization of $72.39 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the business posted $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that O’Reilly Automotive, Inc. will post 40.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wedbush restated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Truist Financial upped their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays raised their price objective on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and an average target price of $1,295.94.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

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.