K.J. Harrison & Partners Inc Takes $950,000 Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

K.J. Harrison & Partners Inc purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the specialty retailer’s stock, valued at approximately $950,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its stake in shares of O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after buying an additional 66,629 shares in the last quarter. Invesco Ltd. lifted its position in O’Reilly Automotive by 3.7% in the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after acquiring an additional 31,487 shares in the last quarter. Northern Trust Corp boosted its stake in O’Reilly Automotive by 3.5% during the 3rd quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock valued at $621,249,000 after purchasing an additional 23,016 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares in the last quarter. Finally, Winslow Capital Management LLC raised its stake in shares of O’Reilly Automotive by 14.7% in the third quarter. Winslow Capital Management LLC now owns 302,615 shares of the specialty retailer’s stock worth $275,035,000 after purchasing an additional 38,762 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.0 %

O’Reilly Automotive stock traded down $10.20 during midday trading on Friday, hitting $1,043.93. The stock had a trading volume of 335,739 shares, compared to its average volume of 330,021. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a market capitalization of $61.62 billion, a PE ratio of 26.50, a P/E/G ratio of 1.93 and a beta of 0.86. The firm’s fifty day moving average is $1,097.20 and its two-hundred day moving average is $1,015.51.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company earned $8.28 EPS. O’Reilly Automotive’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 41.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the sale, the chairman now owns 205,095 shares in the company, valued at $217,933,947. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock worth $27,269,333 in the last three months. 1.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORLY shares. Mizuho began coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Evercore ISI lowered their price target on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,106.31.

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.