McKinley Carter Wealth Services Inc. Invests $3.35 Million in O’Reilly Automotive Inc (ORLY)

McKinley Carter Wealth Services Inc. bought a new stake in O’Reilly Automotive Inc (NASDAQ:ORLY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,639 shares of the specialty retailer’s stock, valued at approximately $3,348,000. O’Reilly Automotive accounts for about 1.0% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new stake in O’Reilly Automotive in the second quarter valued at $112,000. HighPoint Advisor Group LLC purchased a new stake in O’Reilly Automotive in the third quarter valued at $182,000. North American Management Corp purchased a new stake in O’Reilly Automotive in the third quarter valued at $204,000. Campbell Newman Asset Management Inc. purchased a new stake in O’Reilly Automotive in the third quarter valued at $208,000. Finally, Gradient Investments LLC boosted its holdings in O’Reilly Automotive by 15,000.0% in the third quarter. Gradient Investments LLC now owns 604 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 600 shares during the last quarter. 85.98% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on ORLY. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $290.00 to $310.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a report on Friday, July 27th. BidaskClub raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 7th. Bank of America reissued a “top pick” rating and set a $390.00 target price (up from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Finally, ValuEngine raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $340.63.

In related news, SVP Scott E. Kraus sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $325.00, for a total value of $1,625,000.00. Following the transaction, the senior vice president now directly owns 6,479 shares of the company’s stock, valued at approximately $2,105,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the transaction, the senior vice president now directly owns 3,428 shares in the company, valued at $1,148,380. The disclosure for this sale can be found here. Insiders sold a total of 66,561 shares of company stock worth $21,711,903 over the last ninety days. 3.12% of the stock is currently owned by corporate insiders.

ORLY stock opened at $354.74 on Friday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91. O’Reilly Automotive Inc has a 52-week low of $210.04 and a 52-week high of $356.26. The stock has a market cap of $28.31 billion, a PE ratio of 23.12, a PEG ratio of 1.40 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. Sell-side analysts forecast that O’Reilly Automotive Inc will post 16.1 earnings per share for the current fiscal year.

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O’Reilly Automotive Profile

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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; 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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