Blue Chip Partners LLC Purchases 203 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Blue Chip Partners LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,282 shares of the specialty retailer’s stock after purchasing an additional 203 shares during the period. Blue Chip Partners LLC’s holdings in O’Reilly Automotive were worth $11,007,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter valued at $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth about $32,000. MidAtlantic Capital Management Inc. purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of O’Reilly Automotive in the fourth quarter worth about $46,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $364,375. This trade represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,968 shares of company stock valued at $2,492,394. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Down 1.3 %

O’Reilly Automotive stock opened at $1,318.80 on Monday. The firm has a market capitalization of $76.13 billion, a P/E ratio of 32.43, a PEG ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,350.27. The stock has a fifty day moving average price of $1,249.77 and a 200 day moving average price of $1,196.49.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. UBS Group raised their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,390.81.

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.