Howland Capital Management LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Howland Capital Management LLC raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,599 shares of the specialty retailer’s stock after buying an additional 2,401 shares during the quarter. O’Reilly Automotive comprises approximately 1.4% of Howland Capital Management LLC’s portfolio, making the stock its 20th biggest position. Howland Capital Management LLC’s holdings in O’Reilly Automotive were worth $30,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of O’Reilly Automotive by 3.8% during the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after acquiring an additional 2,214 shares in the last quarter. Fortune Financial Advisors LLC increased its holdings in O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after buying an additional 57 shares in the last quarter. Perpetual Ltd increased its holdings in O’Reilly Automotive by 322.6% in the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after buying an additional 871 shares in the last quarter. Wellington Management Group LLP increased its holdings in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after buying an additional 397,108 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in O’Reilly Automotive by 7.4% in the 4th quarter. Stifel Financial Corp now owns 36,728 shares of the specialty retailer’s stock worth $34,894,000 after buying an additional 2,535 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial cut their price target on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Evercore ISI cut their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,116.93.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded up $4.80 during trading hours on Thursday, reaching $1,032.99. 440,205 shares of the company traded hands, compared to its average volume of 395,620. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company has a market cap of $60.83 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.88 and a beta of 0.92. The firm has a 50-day moving average price of $1,012.17 and a 200 day moving average price of $1,037.52.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm earned $8.28 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.86 EPS for the current year.

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.