Chase Investment Counsel Corp Has $2.23 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Chase Investment Counsel Corp decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,352 shares of the specialty retailer’s stock after selling 45 shares during the quarter. Chase Investment Counsel Corp’s holdings in O’Reilly Automotive were worth $2,234,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Steward Financial Group LLC increased its position in O’Reilly Automotive by 141.7% in the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the period. Carmel Capital Partners LLC raised its position in O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. Arlington Trust Co LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth about $39,000. Washington Trust Advisors Inc. increased its stake in shares of O’Reilly Automotive by 31.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 55 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 13 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in shares of O’Reilly Automotive by 29.5% in the fourth quarter. Financial Management Professionals Inc. now owns 57 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 13 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI cut their target price on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial lowered their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday. Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,110.07.

Insider Activity

In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the transaction, the chairman now directly owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 over the last three months. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock traded down $8.97 on Monday, hitting $1,034.96. The company had a trading volume of 138,974 shares, compared to its average volume of 369,847. The stock has a market capitalization of $61.09 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.91 and a beta of 0.86. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock has a 50 day moving average of $1,097.20 and a 200-day moving average of $1,016.90.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $8.28 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.79 earnings per share for the current year.

About O’Reilly Automotive

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.