O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684 shares of the specialty retailer’s stock after selling 29 shares during the period. Essex Financial Services Inc.’s holdings in O’Reilly Automotive were worth $811,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Summit Trail Advisors LLC increased its stake in O’Reilly Automotive by 29.3% during the 4th quarter. Summit Trail Advisors LLC now owns 1,072 shares of the specialty retailer’s stock worth $1,272,000 after buying an additional 243 shares during the period. Sapient Capital LLC increased its position in shares of O’Reilly Automotive by 0.7% during the fourth quarter. Sapient Capital LLC now owns 28,419 shares of the specialty retailer’s stock worth $33,699,000 after acquiring an additional 196 shares during the period. Arlington Trust Co LLC increased its position in shares of O’Reilly Automotive by 3.4% during the fourth quarter. Arlington Trust Co LLC now owns 750 shares of the specialty retailer’s stock worth $889,000 after acquiring an additional 25 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at $2,615,000. Finally, Opal Wealth Advisors LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at $203,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wedbush upped their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Guggenheim increased their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Two research 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Up 0.0 %

NASDAQ:ORLY opened at $1,324.30 on Thursday. The company has a market capitalization of $76.45 billion, a PE ratio of 32.57, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27. The stock’s 50 day moving average price is $1,244.91 and its 200 day moving average price is $1,192.31.

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

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

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.