Beese Fulmer Investment Management Inc. Sells 130 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Beese Fulmer Investment Management Inc. trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,404 shares of the specialty retailer’s stock after selling 130 shares during the period. O’Reilly Automotive accounts for about 2.1% of Beese Fulmer Investment Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Beese Fulmer Investment Management Inc.’s holdings in O’Reilly Automotive were worth $24,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Fairvoy Private Wealth LLC purchased a new position in O’Reilly Automotive in the fourth quarter worth $1,630,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of O’Reilly Automotive by 7.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,797 shares of the specialty retailer’s stock valued at $9,246,000 after purchasing an additional 513 shares in the last quarter. Consolidated Portfolio Review Corp lifted its stake in shares of O’Reilly Automotive by 5.6% in the fourth quarter. Consolidated Portfolio Review Corp now owns 300 shares of the specialty retailer’s stock valued at $356,000 after purchasing an additional 16 shares during the period. Elm3 Financial Group LLC purchased a new stake in O’Reilly Automotive during the fourth quarter worth about $209,000. Finally, Adero Partners LLC boosted its holdings in O’Reilly Automotive by 2.5% during the fourth quarter. Adero Partners LLC now owns 417 shares of the specialty retailer’s stock worth $494,000 after buying an additional 10 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORLY. Evercore ISI lifted their price target on shares of 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. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. BMO Capital Markets started coverage on O’Reilly Automotive in a research note on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price target for the company. Finally, Wedbush increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $1,310.65.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the 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 completion of the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,330.74 on Friday. The company has a market cap of $76.82 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27. The company has a 50-day moving average of $1,238.92 and a 200-day moving average of $1,184.53.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.86 EPS for the current year.

About O’Reilly Automotive

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.