KCM Investment Advisors LLC Has $2.06 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

KCM Investment Advisors LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Valley Wealth Managers Inc. grew its holdings in shares of O’Reilly Automotive by 39.3% during the third quarter. Valley Wealth Managers Inc. now owns 496 shares of the specialty retailer’s stock worth $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 during the third quarter worth approximately $210,000. Empowered Funds LLC raised its position in O’Reilly Automotive by 2.3% in 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 last quarter. Empirical Finance LLC increased its stake in shares of O’Reilly Automotive by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 2,133 shares of the specialty retailer’s stock valued at $2,456,000 after buying an additional 40 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its stake in shares of O’Reilly Automotive by 8.1% during 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 acquiring an additional 4,054 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred 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 approximately $205,407,347.04. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,213.37 on Friday. The business has a fifty day simple moving average of $1,170.83 and a two-hundred day simple moving average of $1,094.28. The company has a market capitalization of $70.05 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,255.30.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on ORLY shares. Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

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.