Cigna Investments Inc. New Has $705,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Cigna Investments Inc. New reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 594 shares of the specialty retailer’s stock after selling 11 shares during the period. Cigna Investments Inc. New’s holdings in O’Reilly Automotive were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sovran Advisors LLC acquired a new position in O’Reilly Automotive during the fourth quarter valued at approximately $866,000. McBroom & Associates LLC raised its position in O’Reilly Automotive by 1.8% during the fourth quarter. McBroom & Associates LLC now owns 8,106 shares of the specialty retailer’s stock valued at $9,612,000 after purchasing an additional 143 shares in the last quarter. Summit Trail Advisors LLC raised its position in O’Reilly Automotive by 29.3% during the fourth quarter. Summit Trail Advisors LLC now owns 1,072 shares of the specialty retailer’s stock valued at $1,272,000 after purchasing an additional 243 shares in the last quarter. Sapient Capital LLC raised its position in O’Reilly Automotive by 0.7% during the fourth quarter. Sapient Capital LLC now owns 28,419 shares of the specialty retailer’s stock valued at $33,699,000 after purchasing an additional 196 shares in the last quarter. Finally, Arlington Trust Co LLC raised its position in O’Reilly Automotive by 3.4% during the fourth quarter. Arlington Trust Co LLC now owns 750 shares of the specialty retailer’s stock valued at $889,000 after purchasing an additional 25 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 0.5 %

Shares of ORLY opened at $1,310.02 on Tuesday. The stock has a market capitalization of $75.63 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The firm’s fifty day simple moving average is $1,242.12 and its two-hundred day simple moving average is $1,189.28. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 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, research analysts predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction 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 position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ORLY. Wedbush boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Evercore ISI boosted their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday. Guggenheim boosted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $1,390.81.

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.