O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,766 shares of the specialty retailer's stock after acquiring an additional 2,801 shares during the period. O'Reilly Automotive makes up 1.5% of Mogy Joel R Investment Counsel Inc.'s investment portfolio, making the stock its 22nd largest position. Mogy Joel R Investment Counsel Inc.'s holdings in O'Reilly Automotive were worth $24,019,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in O'Reilly Automotive by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer's stock valued at $6,122,607,000 after buying an additional 17,325 shares during the period. GAMMA Investing LLC raised its holdings in O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares during the period. FMR LLC raised its holdings in O'Reilly Automotive by 0.8% in the fourth quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after buying an additional 11,039 shares during the period. Invesco Ltd. raised its holdings in O'Reilly Automotive by 6.2% in the fourth quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock valued at $948,460,000 after buying an additional 46,979 shares during the period. Finally, Norges Bank purchased a new position in O'Reilly Automotive in the fourth quarter valued at approximately $867,190,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction 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 now owns 4,560 shares of the company's stock, valued at approximately $419,216. The trade was a 39.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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. Insiders sold a total of 33,285 shares of company stock valued at $3,022,386 over the last 90 days. 1.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. BMO Capital Markets lifted their price objective on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, DA Davidson lifted their price objective on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Buy" and an average price target of $94.30.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded down $1.14 during midday trading on Friday, reaching $89.91. The company had a trading volume of 4,020,258 shares, compared to its average volume of 5,592,848. The stock's fifty day moving average price is $91.37 and its 200-day moving average price is $87.87. The stock has a market capitalization of $5.12 billion, a P/E ratio of 2.21, a PEG ratio of 2.34 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $66.94 and a one year high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.04). The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.