Clio Asset Management LLC Has $24.16 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Clio Asset Management LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,375 shares of the specialty retailer’s stock after selling 494 shares during the period. O’Reilly Automotive accounts for about 17.8% of Clio Asset Management LLC’s holdings, making the stock its biggest position. Clio Asset Management LLC’s holdings in O’Reilly Automotive were worth $24,161,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares in the last quarter. Assetmark Inc. lifted its stake in O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after acquiring an additional 3,193 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in O’Reilly Automotive by 23.2% during the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after acquiring an additional 6,418 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in O’Reilly Automotive by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after acquiring an additional 882 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter worth $851,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,254.00 on Monday. The stock has a market capitalization of $72.39 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.30 and a beta of 0.94. The company’s fifty day simple moving average is $1,225.18 and its two-hundred day simple moving average is $1,170.48. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,283.96.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays boosted their price target on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Guggenheim upped their price objective on O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the company a “buy” rating in a research note on Friday. Finally, BMO Capital Markets assumed coverage on O’Reilly Automotive in a research note on Friday, December 13th. They set an “outperform” rating and a $1,400.00 target price on the stock. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,295.94.

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.