Cumberland Partners Ltd Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cumberland Partners Ltd decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,164 shares of the specialty retailer’s stock after selling 51 shares during the quarter. Cumberland Partners Ltd’s holdings in O’Reilly Automotive were worth $14,008,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its holdings 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 acquiring an additional 23 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth about $43,000. Kings Path Partners LLC purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth about $44,000. Finally, ORG Partners LLC bought a new position in O’Reilly Automotive during the 2nd quarter valued at about $48,000. Institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORLY. TD Cowen upped their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price 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. Finally, Wedbush reissued a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock traded down $0.27 during trading hours on Tuesday, hitting $1,228.25. 19,532 shares of the stock traded hands, compared to its average volume of 373,944. The firm’s 50 day moving average price is $1,163.19 and its 200-day moving average price is $1,089.75. The stock has a market capitalization of $71.25 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.47 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,241.29.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 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 firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 EPS. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction 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 SEC, which is available at this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock worth $18,280,698 over the last 90 days. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive 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.