Kovitz Investment Group Partners LLC Takes Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Kovitz Investment Group Partners LLC acquired a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,256 shares of the specialty retailer's stock, valued at approximately $3,750,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Darwin Wealth Management LLC purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC increased its stake in O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in O'Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O'Reilly Automotive in the third quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new position in shares of O'Reilly Automotive during the second quarter valued at approximately $44,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of O'Reilly Automotive stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company's stock, valued at $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Roth Mkm reissued a "buy" rating and set a $1,337.00 target price on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their target price on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and a consensus target price of $1,248.06.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $2.88 during mid-day trading on Monday, reaching $1,254.90. The stock had a trading volume of 312,541 shares, compared to its average volume of 372,338. The business has a 50 day simple moving average of $1,204.04 and a 200 day simple moving average of $1,120.87. O'Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,265.52. The firm has a market capitalization of $72.45 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.55 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect 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.