Chevy Chase Trust Holdings LLC Cuts Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Chevy Chase Trust Holdings LLC decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,689 shares of the specialty retailer’s stock after selling 907 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of O’Reilly Automotive worth $36,391,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AlphaMark Advisors LLC purchased a new position in O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC grew its position in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Maria Sastre sold 248 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now directly owns 971 shares in the company, valued at $1,278,001.07. The trade was a 20.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,968 shares of company stock worth $2,492,394. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,318.80 on Friday. The company has a market cap of $76.13 billion, a PE ratio of 32.43, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,350.27. The company has a fifty day moving average price of $1,248.55 and a two-hundred day moving average price of $1,194.23.

O’Reilly Automotive (NASDAQ:ORLY) last posted its 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 negative return on equity of 166.88% and a net margin of 14.28%. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ORLY shares. TD Cowen increased their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets raised their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,390.81.

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.