Howland Capital Management LLC Buys 2,707 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Howland Capital Management LLC increased its stake in O'Reilly Automotive by 9.7% to a total of 30,575 shares, making it the firm's 13th largest holding.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, which was below analyst estimates of $4.54 billion, while earnings per share matched expectations at $0.78.
• Analysts have recently raised their price targets for O'Reilly Automotive, with JPMorgan increasing its price objective from $101.00 to $113.00, reflecting a positive outlook for the stock.

Howland Capital Management LLC grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,575 shares of the specialty retailer's stock after purchasing an additional 2,707 shares during the quarter. O'Reilly Automotive makes up approximately 2.0% of Howland Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Howland Capital Management LLC owned approximately 0.05% of O'Reilly Automotive worth $43,801,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG increased its position in O'Reilly Automotive by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock worth $41,848,000 after acquiring an additional 1,208 shares during the period. American Century Companies Inc. grew its stake in O'Reilly Automotive by 2.9% during the fourth quarter. American Century Companies Inc. now owns 5,682 shares of the specialty retailer's stock worth $6,738,000 after buying an additional 160 shares in the last quarter. Trexquant Investment LP acquired a new stake in O'Reilly Automotive during the fourth quarter worth about $5,380,000. World Investment Advisors grew its stake in O'Reilly Automotive by 23.4% during the fourth quarter. World Investment Advisors now owns 660 shares of the specialty retailer's stock worth $783,000 after buying an additional 125 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in O'Reilly Automotive during the fourth quarter worth about $210,000. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock opened at $98.32 on Friday. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $100.60. The firm has a 50 day moving average price of $91.83 and a two-hundred day moving average price of $90.26. The firm has a market cap of $84.05 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.63 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets raised their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. DA Davidson raised their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Truist Financial raised their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $102.22.

Insider Activity 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 on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the transaction, the senior vice president directly owned 240 shares of the company's stock, valued at $21,767.20. The trade was a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of O'Reilly Automotive stock in a transaction on Thursday, May 29th. The stock was 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 90 days, insiders have sold 67,840 shares of company stock worth $6,421,556. 1.01% of the stock is owned by 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.

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