Harvey Investment Co. LLC decreased its stake in O’Reilly Automotive Inc. (NASDAQ:ORLY) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,329 shares of the company’s stock after selling 3,370 shares during the period. O’Reilly Automotive accounts for approximately 7.3% of Harvey Investment Co. LLC’s investment portfolio, making the stock its largest position. Harvey Investment Co. LLC owned 0.13% of O’Reilly Automotive worth $33,434,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in O’Reilly Automotive by 1,796.7% in the first quarter. Canada Pension Plan Investment Board now owns 35,259 shares of the company’s stock valued at $9,649,000 after buying an additional 33,400 shares in the last quarter. Credit Agricole S A boosted its position in O’Reilly Automotive by 21.5% in the first quarter. Credit Agricole S A now owns 32,213 shares of the company’s stock valued at $8,815,000 after buying an additional 5,705 shares in the last quarter. Aviva PLC boosted its position in O’Reilly Automotive by 1.1% in the first quarter. Aviva PLC now owns 62,443 shares of the company’s stock valued at $17,088,000 after buying an additional 662 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in O’Reilly Automotive during the first quarter valued at $337,000. Finally, Advisor Partners LLC boosted its position in O’Reilly Automotive by 62.0% in the first quarter. Advisor Partners LLC now owns 1,855 shares of the company’s stock valued at $508,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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

Shares of O’Reilly Automotive Inc. (NASDAQ:ORLY) traded up 0.900% during midday trading on Thursday, reaching $277.335. The company’s stock had a trading volume of 368,769 shares. The stock’s 50-day moving average is $280.45 and its 200-day moving average is $273.27. O’Reilly Automotive Inc. has a one year low of $225.12 and a one year high of $292.84. The company has a market capitalization of $26.33 billion, a P/E ratio of 27.568 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $2.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by $0.03. O’Reilly Automotive had a return on equity of 52.57% and a net margin of 12.02%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm posted $2.29 earnings per share. O’Reilly Automotive’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that O’Reilly Automotive Inc. will post $10.74 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Deutsche Bank AG restated a “buy” rating on shares of O’Reilly Automotive in a report on Sunday, July 10th. Jefferies Group raised their price target on O’Reilly Automotive from $325.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Wedbush restated an “outperform” rating and set a $310.00 price target (up previously from $280.00) on shares of O’Reilly Automotive in a report on Wednesday, August 10th. Citigroup Inc. raised their price target on O’Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on O’Reilly Automotive from $280.00 to $295.00 and gave the company a “neutral” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $303.47.

In related news, Director Paul R. Lederer sold 100 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $283.00, for a total value of $28,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $290.20, for a total value of $2,902,000.00. Following the completion of the transaction, the director now owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

5 Day Chart for NASDAQ:ORLY

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