O’Reilly Automotive, Inc. (NASDAQ:ORLY) is Marble Harbor Investment Counsel LLC’s 8th Largest Position

Marble Harbor Investment Counsel LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,465 shares of the specialty retailer’s stock after selling 13 shares during the quarter. O’Reilly Automotive accounts for approximately 2.7% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 8th biggest holding. Marble Harbor Investment Counsel LLC’s holdings in O’Reilly Automotive were worth $22,668,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in O’Reilly Automotive during the 4th quarter worth approximately $671,384,000. Wellington Management Group LLP grew its holdings in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in O’Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after buying an additional 183,296 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in O’Reilly Automotive by 4,574.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock valued at $122,698,000 after buying an additional 126,382 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Activity at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the company’s 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 value of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Dana Perlman sold 48 shares of the business’s 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 value of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,125.48 on Monday. The firm has a 50 day moving average price of $1,101.72 and a 200-day moving average price of $1,070.90. 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 $66.28 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.11 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the firm posted $10.22 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ORLY. UBS Group decreased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, DA Davidson raised their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,144.06.

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.