KCM Investment Advisors LLC Raises Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KCM Investment Advisors LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,789 shares of the specialty retailer’s stock after buying an additional 32 shares during the quarter. KCM Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $2,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. increased its stake in O’Reilly Automotive by 39.3% in the third quarter. Valley Wealth Managers Inc. now owns 496 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 140 shares during the last quarter. Birchcreek Wealth Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $210,000. Empowered Funds LLC boosted its stake in O’Reilly Automotive by 2.3% during the 3rd quarter. Empowered Funds LLC now owns 4,500 shares of the specialty retailer’s stock worth $5,182,000 after purchasing an additional 103 shares during the period. Empirical Finance LLC increased its stake in O’Reilly Automotive by 1.9% in the third quarter. Empirical Finance LLC now owns 2,133 shares of the specialty retailer’s stock valued at $2,456,000 after purchasing an additional 40 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its holdings in shares of O’Reilly Automotive by 8.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 54,079 shares of the specialty retailer’s stock valued at $62,277,000 after buying an additional 4,054 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,213.37 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,255.30. The business’s fifty day moving average price is $1,170.83 and its 200 day moving average price is $1,094.28. The stock has a market capitalization of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $10.72 EPS. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 over the last 90 days. 1.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORLY. Barclays lifted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Bank of America raised their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

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.