Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,490 shares of the specialty retailer’s stock after buying an additional 4,353 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.05% of O’Reilly Automotive worth $24,003,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. St. Louis Trust Co acquired a new stake in O’Reilly Automotive during the 4th quarter valued at $14,944,000. Envestnet Asset Management Inc. grew its holdings in O’Reilly Automotive by 13.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 56,095 shares of the specialty retailer’s stock valued at $39,616,000 after buying an additional 6,564 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in O’Reilly Automotive by 5.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,029 shares of the specialty retailer’s stock valued at $1,433,000 after buying an additional 97 shares during the last quarter. Kentucky Retirement Systems grew its holdings in O’Reilly Automotive by 2.3% during the 4th quarter. Kentucky Retirement Systems now owns 4,017 shares of the specialty retailer’s stock valued at $2,837,000 after buying an additional 90 shares during the last quarter. Finally, Corbett Road Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 3.0% during the fourth quarter. Corbett Road Capital Management LLC now owns 628 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro bought 80 shares of the company’s stock in a transaction dated Wednesday, February 23rd. The shares were acquired at an average cost of $630.00 per share, with a total value of $50,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard Darin Venosdel sold 4,754 shares of O’Reilly Automotive stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $725.00, for a total value of $3,446,650.00. Following the sale, the senior vice president now directly owns 4,200 shares in the company, valued at $3,045,000. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by insiders.

ORLY has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded O’Reilly Automotive from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $695.00 to $785.00 in a report on Friday, January 14th. Bank of America raised their price objective on O’Reilly Automotive from $680.00 to $700.00 and gave the stock a “neutral” rating in a report on Friday, February 11th. StockNews.com initiated coverage on O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating on the stock. DA Davidson raised their price objective on O’Reilly Automotive from $640.00 to $700.00 and gave the stock a “neutral” rating in a report on Thursday, December 30th. Finally, Wedbush increased their target price on O’Reilly Automotive from $650.00 to $660.00 and gave the stock a “neutral” rating in a research report on Thursday, February 10th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $714.84.

NASDAQ:ORLY opened at $728.15 on Friday. The business’s 50-day moving average is $688.28 and its two-hundred day moving average is $666.54. O’Reilly Automotive, Inc. has a 12 month low of $519.32 and a 12 month high of $748.68. The firm has a market capitalization of $48.27 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The specialty retailer reported $7.64 EPS for the quarter, beating the consensus estimate of $6.00 by $1.64. O’Reilly Automotive had a return on equity of 251,634.50% and a net margin of 16.24%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company posted $5.40 earnings per share. On average, research analysts predict that O’Reilly Automotive, Inc. will post 33.17 EPS for the current fiscal year.

O’Reilly Automotive Company Profile (Get Rating)

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. 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.

Further Reading

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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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