Cypress Capital Group Has $1.07 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cypress Capital Group decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 933 shares of the specialty retailer’s stock after selling 56 shares during the quarter. Cypress Capital Group’s holdings in O’Reilly Automotive were worth $1,074,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. EP Wealth Advisors LLC boosted its stake in shares of O’Reilly Automotive by 1.6% in the 1st quarter. EP Wealth Advisors LLC now owns 1,270 shares of the specialty retailer’s stock valued at $1,434,000 after purchasing an additional 20 shares during the last quarter. Advisors Asset Management Inc. boosted its position in O’Reilly Automotive by 15.5% during the first quarter. Advisors Asset Management Inc. now owns 3,069 shares of the specialty retailer’s stock worth $3,465,000 after purchasing an additional 413 shares during the period. Canada Pension Plan Investment Board boosted its position in O’Reilly Automotive by 113.3% during the first quarter. Canada Pension Plan Investment Board now owns 66,080 shares of the specialty retailer’s stock worth $74,596,000 after purchasing an additional 35,107 shares during the period. 1832 Asset Management L.P. boosted its position in O’Reilly Automotive by 561.2% during the first quarter. 1832 Asset Management L.P. now owns 48,930 shares of the specialty retailer’s stock worth $55,236,000 after purchasing an additional 41,530 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $239,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,204.61 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The business’s 50-day moving average is $1,177.33 and its two-hundred day moving average is $1,099.65. The company has a market cap of $69.54 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 2.44 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly 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). The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.72 EPS. Equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORLY shares. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. DA Davidson restated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

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.