O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,274 shares of the specialty retailer's stock after acquiring an additional 677 shares during the period. CIBC Asset Management Inc's holdings in O'Reilly Automotive were worth $24,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Monument Capital Management grew its position in O'Reilly Automotive by 4.4% during the 4th quarter. Monument Capital Management now owns 611 shares of the specialty retailer's stock worth $725,000 after purchasing an additional 26 shares during the last quarter. L.M. Kohn & Company lifted its stake in shares of O'Reilly Automotive by 1.7% during the fourth quarter. L.M. Kohn & Company now owns 665 shares of the specialty retailer's stock worth $789,000 after buying an additional 11 shares during the period. Blue Zone Wealth Advisors LLC grew its holdings in shares of O'Reilly Automotive by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,096 shares of the specialty retailer's stock valued at $4,857,000 after buying an additional 157 shares during the last quarter. Principal Securities Inc. increased its position in shares of O'Reilly Automotive by 5.0% in the 4th quarter. Principal Securities Inc. now owns 2,662 shares of the specialty retailer's stock valued at $3,157,000 after acquiring an additional 127 shares during the period. Finally, Palumbo Wealth Management LLC raised its stake in O'Reilly Automotive by 17.4% in the 4th quarter. Palumbo Wealth Management LLC now owns 1,923 shares of the specialty retailer's stock worth $2,280,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 0.7 %

ORLY traded down $9.03 during trading on Friday, hitting $1,303.41. The company's stock had a trading volume of 275,102 shares, compared to its average volume of 330,450. The firm has a market capitalization of $75.25 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 2.31 and a beta of 0.94. O'Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The business's fifty day simple moving average is $1,253.69 and its 200 day simple moving average is $1,201.75.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 44.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ORLY. Wedbush boosted their price target on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Truist Financial raised their price target on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. UBS Group upped their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Mizuho raised their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $1,390.81.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O'Reilly Automotive 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 value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company's stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brad W. Beckham sold 833 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the sale, the chief executive officer now owns 760 shares of the company's stock, valued at $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,201 shares of company stock worth $2,840,852 over the last 90 days. 1.55% of the stock is currently owned by company insiders.

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.