Spire Wealth Management Sells 68 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Spire Wealth Management decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,927 shares of the specialty retailer’s stock after selling 68 shares during the quarter. Spire Wealth Management’s holdings in O’Reilly Automotive were worth $7,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB grew its position in shares of O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after buying an additional 727 shares in the last quarter. Assetmark Inc. grew its position in shares of O’Reilly Automotive by 20.8% during the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after buying an additional 3,193 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of 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 buying an additional 6,418 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of 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 buying an additional 882 shares in the last quarter. Finally, Montecito Bank & Trust bought a new position in shares of O’Reilly Automotive during the 4th quarter worth $365,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.2 %

Shares of NASDAQ:ORLY opened at $1,294.42 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,311.78. The stock has a market cap of $74.73 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.39 and a beta of 0.94. The business has a 50-day moving average price of $1,233.49 and a 200-day moving average price of $1,177.41.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent research reports. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. TD Cowen raised their price objective 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. Evercore ISI raised their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Truist Financial raised their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,301.82.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive 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 completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive 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 value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

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.