Harvey Investment Co. LLC Decreases Stock Position in O’Reilly Automotive, Inc. $ORLY

Harvey Investment Co. LLC decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 966,580 shares of the specialty retailer’s stock after selling 6,135 shares during the quarter. O’Reilly Automotive accounts for approximately 11.1% of Harvey Investment Co. LLC’s portfolio, making the stock its largest position. Harvey Investment Co. LLC’s holdings in O’Reilly Automotive were worth $104,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Oakworth Capital Inc. grew its holdings in O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the last quarter. Canton Hathaway LLC increased its holdings in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares in the last quarter. ORG Partners LLC raised its position in O’Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 277 shares during the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after buying an additional 294 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the transaction, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. The trade was a 98.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the transaction, the senior vice president owned 4,792 shares in the company, valued at approximately $485,190. This represents a 42.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,980 shares of company stock valued at $882,335 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Down 1.0%

O’Reilly Automotive stock opened at $90.34 on Monday. The firm has a market capitalization of $76.26 billion, a P/E ratio of 31.30, a PEG ratio of 1.92 and a beta of 0.63. The business has a 50-day moving average of $95.89 and a 200-day moving average of $98.38. O’Reilly Automotive, Inc. has a 1 year low of $78.89 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORLY. Morgan Stanley lifted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a research report on Friday, October 24th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $112.05.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.