Cynosure Group LLC Decreases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cynosure Group LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 460 shares of the specialty retailer’s stock after selling 11 shares during the quarter. Cynosure Group LLC’s holdings in O’Reilly Automotive were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC increased its stake in shares of O’Reilly Automotive by 383.3% during 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. MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive during the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Down 0.0 %

O’Reilly Automotive stock opened at $1,244.01 on Thursday. The stock has a market cap of $71.82 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The stock has a 50 day moving average of $1,186.07 and a 200-day moving average of $1,106.27. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30.

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). The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.72 earnings per share. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Truist Financial boosted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays boosted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.