Pointe Capital Management LLC Lowers Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pointe Capital Management LLC reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 688 shares of the specialty retailer’s stock after selling 16 shares during the period. Pointe Capital Management LLC’s holdings in O’Reilly Automotive were worth $816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $37,000. Finally, Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,346.58 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27. The stock has a market cap of $77.74 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The firm has a fifty day moving average price of $1,256.62 and a 200 day moving average price of $1,205.97.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on ORLY shares. UBS Group upped their price objective on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI boosted their price objective on 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. Finally, DA Davidson raised their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,390.81.

Insider Buying and Selling

In other news, Director Maria Sastre sold 248 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now owns 971 shares of the company’s stock, valued at $1,278,001.07. The trade was a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the sale, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,581 shares of company stock valued at $3,375,490 over the last three months. 1.55% of the stock is currently owned by company insiders.

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.