Marble Harbor Investment Counsel LLC Decreases Stake in O’Reilly Automotive Inc (NASDAQ:ORLY)

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Marble Harbor Investment Counsel LLC reduced its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,699 shares of the specialty retailer’s stock after selling 116 shares during the period. O’Reilly Automotive makes up about 2.0% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 17th largest position. Marble Harbor Investment Counsel LLC’s holdings in O’Reilly Automotive were worth $11,038,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. National Pension Service boosted its position in shares of O’Reilly Automotive by 4.8% in the 2nd quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock worth $41,069,000 after buying an additional 5,141 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $213,000. Deane Retirement Strategies Inc. boosted its position in shares of O’Reilly Automotive by 1.3% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after buying an additional 73 shares in the last quarter. Profund Advisors LLC boosted its position in shares of O’Reilly Automotive by 11.8% in the 2nd quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock worth $2,638,000 after buying an additional 753 shares in the last quarter. Finally, Investec Asset Management North America Inc. boosted its position in shares of O’Reilly Automotive by 24.1% in the 2nd quarter. Investec Asset Management North America Inc. now owns 4,185 shares of the specialty retailer’s stock worth $1,546,000 after buying an additional 812 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

A number of research analysts have issued reports on ORLY shares. Raymond James started coverage on shares of O’Reilly Automotive in a report on Monday, October 7th. They issued a “market perform” rating and a $430.00 target price on the stock. Stephens reduced their target price on shares of O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. ValuEngine lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $441.00 to $430.00 in a research note on Friday, September 13th. Finally, Wolfe Research raised shares of O’Reilly Automotive from a “peer perform” rating to an “outperform” rating and set a $436.00 price objective for the company in a research note on Tuesday, October 8th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $489.53.

NASDAQ ORLY traded down $0.04 on Tuesday, reaching $439.91. The company had a trading volume of 416,647 shares, compared to its average volume of 610,991. The firm has a market capitalization of $33.23 billion, a PE ratio of 27.32, a P/E/G ratio of 1.73 and a beta of 0.70. O’Reilly Automotive Inc has a 1 year low of $326.71 and a 1 year high of $446.78. The firm has a 50-day moving average of $412.15 and a 200-day moving average of $388.46. The company has a debt-to-equity ratio of 32.16, a current ratio of 0.81 and a quick ratio of 0.08.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.29. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. O’Reilly Automotive’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.50 EPS. As a group, sell-side analysts expect that O’Reilly Automotive Inc will post 17.9 EPS for the current fiscal year.

In other news, SVP Scott E. Kraus sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $435.00, for a total transaction of $2,175,000.00. Following the completion of the transaction, the senior vice president now directly owns 6,502 shares in the company, valued at approximately $2,828,370. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jonathan Wyatt Andrews sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $440.51, for a total value of $2,753,187.50. Following the transaction, the senior vice president now owns 6,756 shares of the company’s stock, valued at $2,976,085.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,307 shares of company stock valued at $29,031,403. 2.52% of the stock is owned by company insiders.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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