Illinois Municipal Retirement Fund Increases Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Illinois Municipal Retirement Fund lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,894 shares of the specialty retailer’s stock after purchasing an additional 1,652 shares during the period. Illinois Municipal Retirement Fund’s holdings in O’Reilly Automotive were worth $21,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of O’Reilly Automotive by 4.1% in the fourth quarter. Amalgamated Bank now owns 13,108 shares of the specialty retailer’s stock worth $15,543,000 after purchasing an additional 516 shares in the last quarter. Quartz Partners LLC boosted its position in shares of O’Reilly Automotive by 2.2% during the fourth quarter. Quartz Partners LLC now owns 612 shares of the specialty retailer’s stock worth $726,000 after acquiring an additional 13 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of O’Reilly Automotive by 5.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 551 shares of the specialty retailer’s stock worth $654,000 after acquiring an additional 30 shares during the last quarter. IFP Advisors Inc boosted its position in shares of O’Reilly Automotive by 5.8% during the fourth quarter. IFP Advisors Inc now owns 1,340 shares of the specialty retailer’s stock worth $1,594,000 after acquiring an additional 74 shares during the last quarter. Finally, Waverton Investment Management Ltd boosted its position in shares of O’Reilly Automotive by 11.0% during the fourth quarter. Waverton Investment Management Ltd now owns 40,288 shares of the specialty retailer’s stock worth $47,778,000 after acquiring an additional 3,990 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 0.9 %

Shares of O’Reilly Automotive stock opened at $1,314.91 on Tuesday. The firm’s 50 day moving average price is $1,254.61 and its 200-day moving average price is $1,204.41. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The company has a market cap of $75.91 billion, a P/E ratio of 32.34, a PEG ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,303.68, for a total transaction of $1,303,680.00. Following the completion of the sale, the director now directly owns 135,377 shares in the company, valued at approximately $176,488,287.36. The trade was a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, the senior vice president now owns 275 shares of the company’s stock, valued at approximately $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,581 shares of company stock worth $3,375,490 in the last three months. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. DA Davidson increased their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Guggenheim increased their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Mizuho increased their price objective on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,390.81.

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.