Cypress Capital Group Lowers Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cypress Capital Group lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% in the third quarter, Holdings Channel.com reports. The firm owned 933 shares of the specialty retailer’s stock after selling 56 shares during the quarter. Cypress Capital Group’s holdings in O’Reilly Automotive were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank Pictet & Cie Asia Ltd. purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at $800,000. Handelsbanken Fonder AB raised its stake in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing 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 valued at $21,396,000 after buying an additional 3,193 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of O’Reilly Automotive by 90.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after buying an additional 6,954 shares during the last quarter. Finally, Marshfield Associates grew its position in shares of O’Reilly Automotive by 0.6% during the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock valued at $319,866,000 after buying an additional 1,718 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,204.61 on Friday. The firm has a market capitalization of $69.54 billion, a PE ratio of 29.80, a PEG ratio of 2.44 and a beta of 0.92. The company’s 50-day moving average is $1,177.33 and its 200-day moving average is $1,099.65. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data 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). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.72 earnings per share. Analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ORLY shares. Roth Mkm restated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Barclays raised their target price on shares of 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. Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

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.