Conning Inc. Sells 9 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Conning Inc. lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 470 shares of the specialty retailer’s stock after selling 9 shares during the period. Conning Inc.’s holdings in O’Reilly Automotive were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optas LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $261,000. Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the 3rd quarter worth approximately $41,000. Principal Securities Inc. increased its holdings in shares of O’Reilly Automotive by 8.0% in the 3rd quarter. Principal Securities Inc. now owns 2,535 shares of the specialty retailer’s stock worth $2,919,000 after buying an additional 188 shares during the last quarter. Oak Ridge Investments LLC raised its position in shares of O’Reilly Automotive by 4.3% during the 3rd quarter. Oak Ridge Investments LLC now owns 12,576 shares of the specialty retailer’s stock valued at $14,483,000 after buying an additional 513 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of O’Reilly Automotive by 7.9% during the 3rd quarter. Congress Asset Management Co. now owns 133,885 shares of the specialty retailer’s stock worth $154,182,000 after acquiring an additional 9,838 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,146.59 on Monday. The firm has a market capitalization of $66.51 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.34 and a beta of 0.92. The firm has a 50 day moving average price of $1,154.60 and a 200-day moving average price of $1,084.87. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the firm posted $10.72 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 40.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORLY. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Wedbush reissued a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. UBS Group lowered their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Truist Financial increased 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 report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,370 shares of company stock valued at $18,333,966. 1.55% of the stock is owned by insiders.

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.