Carnegie Investment Counsel Invests $49.37 Million in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Carnegie Investment Counsel bought a new position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 1st quarter, according to the company in its most recent 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 1.1% of Carnegie Investment Counsel's portfolio, making the stock its 17th largest position. Carnegie Investment Counsel owned approximately 0.06% of O'Reilly Automotive at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Bank Pictet & Cie Europe AG lifted its holdings in O'Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after acquiring an additional 1,208 shares during the period. American Century Companies Inc. increased its holdings in shares of O'Reilly Automotive by 2.9% in the 4th quarter. American Century Companies Inc. now owns 5,682 shares of the specialty retailer's stock valued at $6,738,000 after purchasing an additional 160 shares in the last quarter. LPL Financial LLC lifted its stake in shares of O'Reilly Automotive by 11.6% in the fourth quarter. LPL Financial LLC now owns 35,784 shares of the specialty retailer's stock valued at $42,432,000 after purchasing an additional 3,723 shares during the period. Modern Wealth Management LLC boosted its holdings in O'Reilly Automotive by 4.1% during the fourth quarter. Modern Wealth Management LLC now owns 1,018 shares of the specialty retailer's stock worth $1,334,000 after buying an additional 40 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its holdings in O'Reilly Automotive by 29.5% during the fourth quarter. Zions Bancorporation N.A. now owns 294 shares of the specialty retailer's stock worth $349,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets lifted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company boosted their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Stock Down 0.5%

Shares of ORLY stock traded down $0.50 during mid-day trading on Friday, hitting $97.66. 5,511,084 shares of the company's stock were exchanged, compared to its average volume of 4,425,804. The stock has a market cap of $83.48 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.67 and a beta of 0.58. O'Reilly Automotive, Inc. has a fifty-two week low of $72.74 and a fifty-two week high of $100.10. The stock has a 50-day simple moving average of $91.19 and a two-hundred day simple moving average of $89.64.

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

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director owned 4,560 shares of the company's stock, valued at approximately $419,216. This represents a 39.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,285 shares of company stock valued at $3,022,386. Insiders own 1.01% of the company's stock.

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.