Harbour Investments Inc. Trims Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Harbour Investments Inc. trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,332 shares of the specialty retailer’s stock after selling 36 shares during the period. Harbour Investments Inc.’s holdings in O’Reilly Automotive were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its holdings in O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after purchasing an additional 10 shares during the period. Marcum Wealth LLC boosted its holdings in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 10 shares during the period. L.M. Kohn & Company boosted its holdings in O’Reilly Automotive by 1.9% in the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock valued at $561,000 after purchasing an additional 11 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in O’Reilly Automotive by 3.7% in the 1st quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 11 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Dana Perlman sold 48 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders have sold 50,354 shares of company stock worth $56,518,687 over the last 90 days. 1.55% of the stock is owned by company insiders.

O’Reilly Automotive Trading Up 0.7 %

Shares of ORLY stock traded up $7.45 during mid-day trading on Tuesday, reaching $1,127.73. The stock had a trading volume of 214,973 shares, compared to its average volume of 389,468. The stock’s 50-day moving average price is $1,079.62 and its two-hundred day moving average price is $1,063.21. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market capitalization of $66.42 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the previous year, the firm posted $10.22 EPS. O’Reilly Automotive’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORLY. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada dropped their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

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.