National Bank of Canada FI Acquires 36,835 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

National Bank of Canada FI grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 87.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,879 shares of the specialty retailer’s stock after acquiring an additional 36,835 shares during the quarter. National Bank of Canada FI owned 0.13% of O’Reilly Automotive worth $74,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ORLY. International Assets Investment Management LLC raised its holdings in O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of O’Reilly Automotive during the third quarter worth $198,365,000. Assenagon Asset Management S.A. lifted its position in O’Reilly Automotive by 269.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock valued at $205,965,000 after acquiring an additional 158,075 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in O’Reilly Automotive by 360,914.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 151,626 shares of the specialty retailer’s stock worth $137,807,000 after purchasing an additional 151,584 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in O’Reilly Automotive by 47.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 213,648 shares of the specialty retailer’s stock worth $194,176,000 after purchasing an additional 68,728 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of research reports. Mizuho initiated coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target on the stock. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Evercore ISI reduced their target price on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a report on Friday, April 26th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday. Finally, UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,110.07.

O’Reilly Automotive Price Performance

ORLY stock traded up $6.72 during midday trading on Friday, reaching $1,012.95. 417,973 shares of the company were exchanged, compared to its average volume of 381,716. The firm has a market capitalization of $59.79 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The business has a 50-day moving average price of $1,093.90 and a two-hundred day moving average price of $1,019.76. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm earned $8.28 EPS. The business’s revenue was up 7.2% on a year-over-year basis. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares in the company, valued at $987,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares in the company, valued at approximately $2,400,380. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock worth $27,269,333 in the last ninety days. 1.55% of the stock is owned by company insiders.

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.