Cigna Investments Inc. New decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 3,625 shares of the specialty retailer’s stock after selling 194 shares during the period. Cigna Investments Inc. New’s holdings in O’Reilly Automotive were worth $793,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Nikko Asset Management Americas Inc. bought a new position in O’Reilly Automotive during the first quarter valued at $108,000. Parkside Financial Bank & Trust boosted its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the last quarter. Barrett Asset Management LLC boosted its position in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC boosted its position in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

O’Reilly Automotive, Inc. (ORLY) opened at 198.91 on Friday. The stock has a market capitalization of $17.51 billion, a PE ratio of 17.42 and a beta of 0.74. The company’s 50 day moving average is $197.02 and its 200-day moving average is $242.17. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $288.67.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 earnings per share. Analysts forecast that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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Several equities analysts recently weighed in on ORLY shares. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and cut their target price for the company from $262.00 to $210.00 in a research note on Thursday, July 6th. Stephens set a $315.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group cut shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and cut their target price for the company from $262.00 to $195.00 in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $242.80.

In related news, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the sale, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. Insiders sold 32,080 shares of company stock valued at $7,754,807 over the last quarter. Company insiders own 3.12% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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