Harvey Investment Co. LLC Has $81.62 Million Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Harvey Investment Co. LLC reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,879 shares of the specialty retailer’s stock after selling 559 shares during the quarter. O’Reilly Automotive accounts for 9.2% of Harvey Investment Co. LLC’s portfolio, making the stock its biggest holding. Harvey Investment Co. LLC owned about 0.12% of O’Reilly Automotive worth $81,624,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ORLY. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after buying an additional 75,837 shares during the last quarter. Principal Financial Group Inc. increased its position in O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after acquiring an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp increased its position in O’Reilly Automotive by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after acquiring an additional 376,167 shares during the period. Finally, International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,202.63 on Thursday. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,221.18. The firm’s 50 day moving average price is $1,147.32 and its 200-day moving average price is $1,080.64. The stock has a market cap of $70.83 billion, a P/E ratio of 30.44, a PEG ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.72 earnings per share. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 41.06 EPS for the current year.

Wall Street Analyst Weigh In

ORLY has been the subject of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada lowered their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

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.