Rockland Trust Co. Trims Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Rockland Trust Co. reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,095 shares of the specialty retailer’s stock after selling 83 shares during the quarter. Rockland Trust Co.’s holdings in O’Reilly Automotive were worth $4,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in O’Reilly Automotive in the third quarter worth approximately $32,000. Trifecta Capital Advisors LLC grew its holdings 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 period. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of O’Reilly Automotive during the 3rd quarter worth about $41,000. Finally, Kieckhefer Group LLC purchased a new stake in O’Reilly Automotive in the 4th quarter valued at about $59,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s 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 directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, 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. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ORLY shares. JPMorgan Chase & Co. increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Evercore ISI raised their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.69.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,204.33 on Wednesday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,283.96. The stock has a market cap of $69.53 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.58 and a beta of 0.94. The stock has a 50-day simple moving average of $1,224.54 and a 200-day simple moving average of $1,158.85.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly 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 net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company earned $10.72 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

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.