Quest Investment Management LLC Grows Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Quest Investment Management LLC increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,746 shares of the specialty retailer’s stock after buying an additional 82 shares during the period. Quest Investment Management LLC’s holdings in O’Reilly Automotive were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter valued at $36,000. Indiana Trust & Investment Management CO increased its stake in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co purchased a new position in O’Reilly Automotive in the first quarter worth about $41,000. Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth approximately $43,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive during the second quarter valued at approximately $44,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,109.05 on Friday. The stock has a 50-day simple moving average of $1,111.26 and a two-hundred day simple moving average of $1,072.40. The firm has a market capitalization of $64.34 billion, a PE ratio of 28.15, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm posted $10.22 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Equities analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ORLY. Wedbush reissued a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,144.06.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive 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 SEC, which is available at the SEC website. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 over the last three months. 1.55% of the stock is currently owned by company insiders.

O’Reilly Automotive Company 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.