Harvest Fund Management Co. Ltd Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Harvest Fund Management Co. Ltd grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 26.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,697 shares of the specialty retailer’s stock after acquiring an additional 567 shares during the period. Harvest Fund Management Co. Ltd’s holdings in O’Reilly Automotive were worth $3,104,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth $32,000. Trifecta Capital Advisors LLC grew its stake in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in O’Reilly Automotive in the 3rd quarter worth about $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive in the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new stake in O’Reilly Automotive during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

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 value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,227.37 on Monday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The stock has a market cap of $70.86 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. The firm’s fifty day moving average price is $1,179.37 and its 200-day moving average price is $1,102.25.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the business earned $10.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

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.