Sumitomo Life Insurance Co. Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Sumitomo Life Insurance Co. lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 914 shares of the specialty retailer’s stock after selling 48 shares during the period. Sumitomo Life Insurance Co.’s holdings in O’Reilly Automotive were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortune Financial Advisors LLC grew its stake in O’Reilly Automotive by 2.4% in the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 57 shares during the last quarter. National Bank of Canada FI grew its stake in shares of O’Reilly Automotive by 22.6% during the third quarter. National Bank of Canada FI now owns 42,044 shares of the specialty retailer’s stock worth $37,751,000 after acquiring an additional 7,762 shares during the last quarter. SignalPoint Asset Management LLC grew its stake in shares of O’Reilly Automotive by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after acquiring an additional 1,642 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of O’Reilly Automotive by 13.6% during the fourth quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after acquiring an additional 4,101 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 7.0% during the fourth quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.7 %

NASDAQ ORLY opened at $1,069.27 on Tuesday. The stock has a market cap of $63.12 billion, a PE ratio of 27.79, a P/E/G ratio of 1.95 and a beta of 0.86. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock has a fifty day simple moving average of $1,089.77 and a 200-day simple moving average of $1,005.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.37 EPS. Research analysts predict that O’Reilly Automotive, Inc. will post 42.09 EPS for the current year.

Insider Buying and Selling

In related news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,468 shares of company stock valued at $28,769,333. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ORLY. Stephens reiterated an “overweight” rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Truist Financial upped their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group upped their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Evercore ISI upped their target price on O’Reilly Automotive from $1,235.00 to $1,240.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

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.