Carnegie Investment Counsel Buys New Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Carnegie Investment Counsel bought a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,461 shares of the specialty retailer's stock, valued at approximately $49,366,000. O'Reilly Automotive accounts for approximately 1.1% of Carnegie Investment Counsel's investment portfolio, making the stock its 17th biggest position. Carnegie Investment Counsel owned about 0.06% of O'Reilly Automotive at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in O'Reilly Automotive during the 1st quarter valued at $26,000. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in O'Reilly Automotive during the 4th quarter worth $31,000. Investment Management Corp VA ADV purchased a new position in O'Reilly Automotive during the 4th quarter worth $37,000. Finally, Piscataqua Savings Bank purchased a new stake in O'Reilly Automotive during the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORLY. Wells Fargo & Company upped their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI increased their price objective on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets raised their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Truist Financial lifted their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday. Finally, Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $102.22.

O'Reilly Automotive Stock Down 0.5%

ORLY stock traded down $0.50 during trading on Friday, hitting $97.66. The company had a trading volume of 5,511,084 shares, compared to its average volume of 4,425,804. O'Reilly Automotive, Inc. has a 1-year low of $72.74 and a 1-year high of $100.10. The firm has a 50-day moving average price of $91.30 and a 200-day moving average price of $89.82. The firm has a market cap of $83.48 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the company earned $10.55 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director directly owned 4,560 shares in the company, valued at $419,216. This trade represents a 39.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,285 shares of company stock valued at $3,022,386. 1.01% of the stock is owned by corporate insiders.

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.