Geneva Partners LLC Acquires 3,711 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Geneva Partners LLC raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,293.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,998 shares of the specialty retailer’s stock after acquiring an additional 3,711 shares during the period. O’Reilly Automotive comprises approximately 2.1% of Geneva Partners LLC’s portfolio, making the stock its 20th biggest holding. Geneva Partners LLC’s holdings in O’Reilly Automotive were worth $3,799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in O’Reilly Automotive during the second quarter valued at approximately $25,000. Steward Financial Group LLC grew its position in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter worth approximately $30,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of O’Reilly Automotive in the third quarter worth approximately $34,000. Finally, Carmel Capital Partners LLC grew its holdings in shares of O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORLY. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Wedbush raised their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. UBS Group raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.53.

Insider Transactions at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the chairman now directly 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 through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares of the company’s stock, valued at $217,933,947. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 in the last quarter. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY traded down $10.12 during trading hours on Friday, hitting $1,090.94. The company had a trading volume of 316,380 shares, compared to its average volume of 365,833. The firm has a fifty day moving average price of $1,093.98 and a 200-day moving average price of $1,009.47. The stock has a market capitalization of $64.40 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.99 and a beta of 0.86. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

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

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.