Harvey Investment Co. LLC Has $73.78 Million Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Harvey Investment Co. LLC reduced its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,659 shares of the specialty retailer's stock after selling 1,275 shares during the period. O'Reilly Automotive comprises 8.9% of Harvey Investment Co. LLC's investment portfolio, making the stock its largest holding. Harvey Investment Co. LLC owned approximately 0.13% of O'Reilly Automotive worth $73,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in O'Reilly Automotive in the second quarter valued at approximately $25,000. Steward Financial Group LLC boosted its holdings in O'Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Ancora Advisors LLC bought a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $30,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in O'Reilly Automotive in the third quarter valued at approximately $34,000. Finally, Carmel Capital Partners LLC boosted its holdings in O'Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer's stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent analyst reports. Mizuho initiated coverage on O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 price target on the stock. Barclays boosted their price target on O'Reilly Automotive from $954.00 to $986.00 and gave the company an "equal weight" rating in a research note on Thursday, January 4th. Truist Financial boosted their price target on O'Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Stephens reissued an "overweight" rating and issued a $1,060.00 price target on shares of O'Reilly Automotive in a research note on Tuesday, December 19th. Finally, StockNews.com lowered O'Reilly Automotive from a "buy" rating to a "hold" rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,090.76.

O'Reilly Automotive Stock Up 1.6 %

NASDAQ ORLY traded up $17.93 on Friday, reaching $1,117.56. The company had a trading volume of 278,653 shares, compared to its average volume of 306,860. The stock has a market capitalization of $65.97 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.03 and a beta of 0.86. The company's fifty day moving average is $1,084.05 and its 200 day moving average is $998.68. O'Reilly Automotive, Inc. has a 52-week low of $855.88 and a 52-week high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts' consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. O'Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. O'Reilly Automotive's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.37 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 42.09 EPS for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company's stock, valued at approximately $987,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other O'Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the company's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the transaction, the director now owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares of the company's stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. In the last three months, insiders sold 27,468 shares of company stock valued at $28,769,333. 1.55% of the stock is owned by insiders.

O'Reilly Automotive Company 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.