CCLA Investment Management Has $137.59 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CCLA Investment Management trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,043 shares of the specialty retailer’s stock after selling 4,950 shares during the period. O’Reilly Automotive accounts for approximately 2.2% of CCLA Investment Management’s holdings, making the stock its 15th largest holding. CCLA Investment Management’s holdings in O’Reilly Automotive were worth $137,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive during the third quarter worth approximately $41,000. Finally, Kieckhefer Group LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth approximately $59,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, 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 accessible through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on ORLY shares. Truist Financial upped their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays increased their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Wedbush restated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, TD Cowen lifted their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Four equities 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,270.69.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,204.33 on Wednesday. The business has a 50-day moving average of $1,224.54 and a 200-day moving average of $1,158.85. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,283.96. The stock has a market capitalization 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.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $10.72 EPS. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 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.