Cigna Investments Inc. New Sells 11 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cigna Investments Inc. New cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 594 shares of the specialty retailer’s stock after selling 11 shares during the period. Cigna Investments Inc. New’s holdings in O’Reilly Automotive were worth $705,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Assetmark Inc. boosted its position in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after buying an additional 3,193 shares during the last quarter. Annex Advisory Services LLC boosted its position in O’Reilly Automotive by 23.2% in the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after buying an additional 6,418 shares during the last quarter. CIBC Asset Management Inc boosted its position in O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after buying an additional 882 shares during the last quarter. Montecito Bank & Trust bought a new position in O’Reilly Automotive in the 4th quarter valued at $365,000. Finally, Eastern Bank bought a new position in O’Reilly Automotive in the 3rd quarter valued at $19,786,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,310.02 on Tuesday. The stock has a market capitalization of $75.63 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.50 and a beta of 0.94. The business has a 50-day moving average of $1,242.12 and a 200-day moving average of $1,189.28. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 44.16 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ORLY shares. DA Davidson increased their price target on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday. Guggenheim increased their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Barclays increased their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive 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.