GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,158 shares of the specialty retailer’s stock after buying an additional 5,994 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in O’Reilly Automotive were worth $2,112,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock valued at $7,272,186,000 after acquiring an additional 458,613 shares during the last quarter. Akre Capital Management LLC grew its holdings in shares of O’Reilly Automotive by 989.3% in the 2nd quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after acquiring an additional 8,546,804 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of O’Reilly Automotive by 1.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,003,704 shares of the specialty retailer’s stock worth $730,018,000 after purchasing an additional 89,179 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of O’Reilly Automotive by 21.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,241,385 shares of the specialty retailer’s stock worth $780,694,000 after purchasing an additional 1,290,579 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of O’Reilly Automotive by 5.0% during the third quarter. Legal & General Group Plc now owns 5,675,675 shares of the specialty retailer’s stock valued at $611,895,000 after purchasing an additional 270,212 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.
O’Reilly Automotive Stock Down 1.7%
ORLY stock opened at $92.96 on Friday. The company has a 50 day moving average of $92.53 and a two-hundred day moving average of $94.70. The company has a market cap of $77.78 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.09 and a beta of 0.58. O’Reilly Automotive, Inc. has a 12-month low of $86.77 and a 12-month high of $108.71.
Analyst Upgrades and Downgrades
ORLY has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $112.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of O’Reilly Automotive in a report on Friday, May 1st. Roth Mkm reissued a “buy” rating and issued a $109.00 target price on shares of O’Reilly Automotive in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.25.
View Our Latest Research Report on O’Reilly Automotive
O’Reilly Automotive Profile
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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