O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,567 shares of the specialty retailer’s stock after selling 83 shares during the quarter. Hartford Investment Management Co.’s holdings in O’Reilly Automotive were worth $4,230,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ORLY. AlphaMark Advisors LLC purchased a new stake in O’Reilly Automotive during the 4th quarter worth about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC lifted its position in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the third quarter valued at $37,000. Finally, Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORLY. TD Cowen increased their price target 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. BMO Capital Markets raised their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, DA Davidson increased their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Stock Up 0.0 %

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

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities analysts expect that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction 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. The trade was a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

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.