Cypress Capital Group Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cypress Capital Group trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 692 shares of the specialty retailer’s stock after selling 241 shares during the period. Cypress Capital Group’s holdings in O’Reilly Automotive were worth $821,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORLY. Wellington Management Group LLP raised its holdings in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after buying an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of O’Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after buying an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in shares of O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after buying an additional 482,670 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of O’Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after buying an additional 133,139 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in O’Reilly Automotive by 32.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 102,128 shares of the specialty retailer’s stock worth $121,103,000 after acquiring an additional 25,091 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ORLY shares. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Barclays raised their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. 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, Mizuho raised their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,390.81.

O’Reilly Automotive Stock Down 1.3 %

Shares of ORLY stock opened at $1,339.67 on Thursday. The stock has a market cap of $77.34 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.34 and a beta of 0.94. The business’s fifty day moving average is $1,273.03 and its 200 day moving average is $1,215.23. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the sale, the chairman now directly owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the sale, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is currently owned by corporate insiders.

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.