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

Cigna Investments Inc. New decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 605 shares of the specialty retailer’s stock after selling 11 shares during the quarter. Cigna Investments Inc. New’s holdings in O’Reilly Automotive were worth $696,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Oak Ridge Investments LLC lifted its stake in O’Reilly Automotive by 4.3% in the third 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. increased its holdings in shares of O’Reilly Automotive by 7.9% in the 3rd quarter. Congress Asset Management Co. now owns 133,885 shares of the specialty retailer’s stock worth $154,182,000 after acquiring an additional 9,838 shares during the period. Palumbo Wealth Management LLC lifted its position in O’Reilly Automotive by 3.1% in the 3rd quarter. Palumbo Wealth Management LLC now owns 1,638 shares of the specialty retailer’s stock valued at $1,886,000 after purchasing an additional 50 shares during the last quarter. Solidarity Wealth LLC boosted its stake in O’Reilly Automotive by 23.0% during the 3rd quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after purchasing an additional 1,607 shares during the period. Finally, First Trust Direct Indexing L.P. grew its position in O’Reilly Automotive by 40.9% in 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. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the transaction, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares of the company’s stock, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive 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 transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,370 shares of company stock worth $18,333,966. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. TD Cowen raised their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,146.59 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,221.18. The business’s fifty day moving average is $1,154.60 and its two-hundred day moving average is $1,084.97. The stock has a market capitalization of $66.51 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.36 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current year.

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.