Cumberland Partners Ltd Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cumberland Partners Ltd lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 12,164 shares of the specialty retailer’s stock after selling 51 shares during the period. Cumberland Partners Ltd’s holdings in O’Reilly Automotive were worth $14,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Trifecta Capital Advisors LLC boosted its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $41,000. Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at approximately $44,000. Finally, ORG Partners LLC purchased a new position in O’Reilly Automotive during the second quarter worth approximately $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were 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 directly owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This represents 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 hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Performance

ORLY stock traded down $0.27 during mid-day trading on Tuesday, reaching $1,228.25. The company had a trading volume of 19,532 shares, compared to its average volume of 373,944. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,241.29. The company has a market capitalization of $71.25 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. The firm has a fifty day simple moving average of $1,163.19 and a 200 day simple moving average of $1,089.75.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the business earned $10.72 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts predict that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, TD Cowen upped their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Four investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.