CCM Investment Advisers LLC Sells 40 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

CCM Investment Advisers LLC trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 848 shares of the specialty retailer’s stock after selling 40 shares during the period. CCM Investment Advisers LLC’s holdings in O’Reilly Automotive were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ORLY. Handelsbanken Fonder AB lifted its position in shares of O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares during the period. Assetmark Inc. raised its stake in O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares in the last quarter. Marshfield Associates lifted its position in O’Reilly Automotive by 0.6% during the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after purchasing an additional 1,718 shares during the period. CIBC Asset Management Inc grew its stake in O’Reilly Automotive by 4.7% during the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after buying an additional 882 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in O’Reilly Automotive by 9.5% during the second quarter. Public Sector Pension Investment Board now owns 10,195 shares of the specialty retailer’s stock worth $10,767,000 after buying an additional 883 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

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 transaction of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’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 completion of 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 disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

O’Reilly Automotive Trading Down 0.7 %

NASDAQ:ORLY traded down $8.12 on Friday, reaching $1,197.62. 87,568 shares of the stock traded hands, compared to its average volume of 290,516. O’Reilly Automotive, Inc. has a 1-year low of $935.75 and a 1-year high of $1,283.96. The company’s 50 day moving average is $1,221.63 and its 200-day moving average is $1,154.51. The firm has a market capitalization of $69.14 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results 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 firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $10.72 EPS. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ORLY shares. Truist Financial upped 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 report on Friday, October 25th. Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price 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.