SignalPoint Asset Management LLC Has $60.07 Million Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

SignalPoint Asset Management LLC trimmed its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,654 shares of the specialty retailer's stock after selling 341 shares during the quarter. O'Reilly Automotive makes up 14.6% of SignalPoint Asset Management LLC's holdings, making the stock its biggest holding. SignalPoint Asset Management LLC owned approximately 0.09% of O'Reilly Automotive worth $60,065,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of O'Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in O'Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after buying an additional 24,135 shares during the period. International Assets Investment Management LLC grew its position in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after buying an additional 853,633 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of O'Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after buying an additional 133,139 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of O'Reilly Automotive by 5.2% in the second quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer's stock valued at $524,629,000 after buying an additional 24,767 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at O'Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % 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 Up 0.1 %

Shares of ORLY traded up $0.68 during trading hours on Thursday, reaching $1,204.72. The stock had a trading volume of 199,043 shares, compared to its average volume of 304,774. The firm has a 50-day simple moving average of $1,223.94 and a 200 day simple moving average of $1,159.16. O'Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,283.96. The company has a market capitalization of $69.55 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.23 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $10.72 earnings per share. On average, equities analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on ORLY shares. Royal Bank of Canada upped their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Barclays boosted their price target on shares of O'Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 9th. Truist Financial increased their price objective 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. Roth Capital upgraded shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets assumed coverage on O'Reilly Automotive in a report on Friday, December 13th. They set an "outperform" rating and a $1,400.00 price target for the company. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,270.69.

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.