Cullen Investment Group LTD. Invests $1.44 Million in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Cullen Investment Group LTD. bought a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,518 shares of the specialty retailer's stock, valued at approximately $1,442,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fortune Financial Advisors LLC raised its holdings in shares of O'Reilly Automotive by 2.4% during the fourth quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer's stock worth $2,325,000 after purchasing an additional 57 shares during the period. National Bank of Canada FI grew its position 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 position in O'Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer's stock valued at $48,567,000 after buying an additional 1,642 shares in the last quarter. NewEdge Wealth LLC grew its position in O'Reilly Automotive by 13.6% in the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer's stock valued at $32,509,000 after buying an additional 4,101 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in O'Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer's stock valued at $1,660,000 after buying an additional 114 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman David E. Oreilly sold 6,444 shares of O'Reilly Automotive stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company's stock, valued at $217,933,947. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman David E. Oreilly sold 6,444 shares of O'Reilly Automotive stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company's stock, valued at $217,933,947. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of O'Reilly Automotive stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,468 shares of company stock valued at $28,769,333. Insiders own 1.18% of the company's stock.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded down $7.22 during trading hours on Monday, hitting $1,069.27. The company had a trading volume of 324,873 shares, compared to its average volume of 365,770. The firm has a market cap of $63.12 billion, a PE ratio of 27.79, a PEG ratio of 1.95 and a beta of 0.86. O'Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The firm has a 50-day moving average of $1,089.49 and a 200 day moving average of $1,004.53.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O'Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $8.37 EPS. As a group, research analysts expect that O'Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the subject of several research reports. StockNews.com lowered shares of O'Reilly Automotive from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. Barclays lifted their price target on O'Reilly Automotive from $954.00 to $986.00 and gave the company an "equal weight" rating in a report on Thursday, January 4th. Truist Financial increased their price target on O'Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Evercore ISI boosted their price objective on shares of O'Reilly Automotive from $1,235.00 to $1,240.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. Finally, Stephens reaffirmed an "overweight" rating and set a $1,060.00 price objective on shares of O'Reilly Automotive in a research note on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,090.76.

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.