O’Reilly Automotive, Inc. $ORLY Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 37.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,483 shares of the specialty retailer’s stock after purchasing an additional 19,195 shares during the period. Howard Capital Management Inc.’s holdings in O’Reilly Automotive were worth $7,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. HighMark Wealth Management LLC grew its position in O’Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after buying an additional 280 shares during the last quarter. Canton Hathaway LLC boosted its stake in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Nemes Rush Group LLC boosted its stake in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 294 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of O’Reilly Automotive by 127.7% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 152 shares during the last quarter. Finally, Aspect Partners LLC raised its position in shares of O’Reilly Automotive by 3,036.4% during the second quarter. Aspect Partners LLC now owns 345 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares in the company, valued at $2,836.68. The trade was a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $98.41 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $85.55 and a fifty-two week high of $108.71. The stock’s 50-day moving average is $95.49 and its two-hundred day moving average is $99.01. The firm has a market cap of $83.07 billion, a P/E ratio of 34.09, a PEG ratio of 2.10 and a beta of 0.63.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of analyst reports. Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Robert W. Baird upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. UBS Group reissued a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 price objective (up from $110.00) on shares of O’Reilly Automotive in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and an average price target of $111.85.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.