O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346 shares of the specialty retailer’s stock after buying an additional 43 shares during the period. Perigon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $329,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ORLY. Cibc World Market Inc. increased its position in O’Reilly Automotive by 305.4% in the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock worth $2,213,000 after buying an additional 2,434 shares during the period. Sei Investments Co. increased its position in O’Reilly Automotive by 51.3% in the first quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after buying an additional 5,376 shares during the period. Prudential PLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at $1,847,000. Cetera Investment Advisers increased its holdings in shares of O’Reilly Automotive by 48.9% during the first quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock valued at $1,343,000 after purchasing an additional 644 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in shares of O’Reilly Automotive by 11.4% during the first quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock valued at $262,000 after purchasing an additional 39 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the sale, the chairman now directly owns 205,095 shares in the company, valued at approximately $217,933,947. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock worth $27,269,333 in the last quarter. 1.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORLY. Stephens reissued an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Wedbush raised their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Evercore ISI lowered their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a report on Tuesday. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,089.59.

O’Reilly Automotive Stock Up 1.9 %

NASDAQ:ORLY opened at $1,089.51 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.94 and a beta of 0.86. The stock has a fifty day simple moving average of $1,090.52 and a 200 day simple moving average of $1,006.87.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the company posted $8.37 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

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.