O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Lessened by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 605 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 $696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oak Ridge Investments LLC lifted its holdings in shares of O’Reilly Automotive by 4.3% during the 3rd quarter. Oak Ridge Investments LLC now owns 12,576 shares of the specialty retailer’s stock valued at $14,483,000 after buying an additional 513 shares during the last quarter. Congress Asset Management Co. raised its position in O’Reilly Automotive by 7.9% during the third quarter. Congress Asset Management Co. now owns 133,885 shares of the specialty retailer’s stock valued at $154,182,000 after acquiring an additional 9,838 shares in the last quarter. Palumbo Wealth Management LLC lifted its stake in O’Reilly Automotive by 3.1% in the third quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock valued at $1,886,000 after acquiring an additional 50 shares during the last quarter. Solidarity Wealth LLC grew its position in O’Reilly Automotive by 23.0% in the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock worth $9,911,000 after acquiring an additional 1,607 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in shares of O’Reilly Automotive by 40.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock worth $2,542,000 after purchasing an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,370 shares of company stock valued at $18,333,966 over the last ninety days. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORLY shares. TD Cowen lifted their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Barclays boosted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,146.59 on Friday. The firm’s 50-day moving average is $1,154.60 and its 200-day moving average is $1,084.97. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,221.18. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.36 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company earned $10.72 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post 40.82 EPS for the current year.

O’Reilly Automotive Company 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.