Hartford Investment Management Co. Decreases Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Hartford Investment Management Co. lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ORLY. Assetmark Inc. raised its stake in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after acquiring an additional 3,193 shares during the period. Annex Advisory Services LLC raised its stake in shares of O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after acquiring an additional 6,418 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after buying an additional 882 shares during the period. Montecito Bank & Trust bought a new position in O’Reilly Automotive during the 4th quarter worth about $365,000. Finally, Eastern Bank purchased a new position in O’Reilly Automotive during the third quarter valued at approximately $19,786,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ORLY shares. Truist Financial raised their price objective on 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 raised their target price on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. BMO Capital Markets raised their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, Wedbush lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 700 shares in the company, valued at $856,849. This 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 owned by company insiders.

O’Reilly Automotive Stock Up 0.0 %

O’Reilly Automotive stock opened at $1,324.30 on Thursday. The company has a fifty day simple moving average of $1,244.91 and a 200-day simple moving average of $1,192.31. The firm has a market capitalization of $76.45 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal 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.