Eagle Ridge Investment Management Cuts Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Eagle Ridge Investment Management trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,390 shares of the specialty retailer's stock after selling 1,597 shares during the quarter. O'Reilly Automotive accounts for 3.5% of Eagle Ridge Investment Management's holdings, making the stock its 5th biggest position. Eagle Ridge Investment Management owned approximately 0.06% of O'Reilly Automotive worth $35,523,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ORLY. CX Institutional grew its stake in shares of O'Reilly Automotive by 25.6% during the 3rd quarter. CX Institutional now owns 280 shares of the specialty retailer's stock worth $254,000 after acquiring an additional 57 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of O'Reilly Automotive by 14.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 252 shares of the specialty retailer's stock worth $229,000 after acquiring an additional 32 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of O'Reilly Automotive by 4.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 566 shares of the specialty retailer's stock worth $514,000 after acquiring an additional 24 shares in the last quarter. Golden State Equity Partners grew its stake in shares of O'Reilly Automotive by 6.3% during the 3rd quarter. Golden State Equity Partners now owns 356 shares of the specialty retailer's stock worth $324,000 after acquiring an additional 21 shares in the last quarter. Finally, Lake Street Financial LLC grew its stake in shares of O'Reilly Automotive by 13.4% during the 3rd quarter. Lake Street Financial LLC now owns 245 shares of the specialty retailer's stock worth $225,000 after acquiring an additional 29 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORLY has been the subject of several research reports. Truist Financial decreased their price target on shares of O'Reilly Automotive from $1,234.00 to $1,212.00 and set a "buy" rating for the company in a research note on Friday. Evercore ISI cut their price objective on O'Reilly Automotive from $1,220.00 to $1,200.00 and set an "outperform" rating for the company in a report on Friday. Royal Bank of Canada increased their price objective on O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Barclays increased their price objective 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. Finally, StockNews.com raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,110.07.

Insider Transactions at O'Reilly Automotive

In other news, EVP Doug D. Bragg sold 1,218 shares of O'Reilly Automotive stock in a transaction on 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 completion of the sale, the executive vice president now owns 5,533 shares of the company's stock, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Doug D. Bragg sold 1,218 shares of O'Reilly Automotive stock in a transaction on 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 completion of the sale, the executive vice president now owns 5,533 shares of the company's stock, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Oreilly sold 10,000 shares of O'Reilly Automotive stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now directly owns 216,539 shares of the company's stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded down $6.89 during mid-day trading on Monday, hitting $1,037.04. 299,058 shares of the company's stock traded hands, compared to its average volume of 371,851. The firm has a 50 day simple moving average of $1,097.20 and a two-hundred day simple moving average of $1,016.90. O'Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.91 and a beta of 0.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm earned $8.28 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that O'Reilly Automotive, Inc. will post 41.79 earnings per share for the current fiscal year.

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.