Wallace Hart LLC Acquires New Stake in O’Reilly Automotive, Inc. $ORLY

Wallace Hart LLC purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,889 shares of the specialty retailer’s stock, valued at approximately $851,000. O’Reilly Automotive comprises approximately 0.6% of Wallace Hart LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Brant Point Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 1,244.7% in the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock valued at $13,476,000 after buying an additional 138,401 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of O’Reilly Automotive by 1,898.1% during the second quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 2,961 shares in the last quarter. Oxbow Advisors LLC lifted its position in shares of O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after acquiring an additional 58,828 shares in the last quarter. Providence First Trust Co lifted its holdings in O’Reilly Automotive by 1,433.6% in the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 6,408 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in O’Reilly Automotive by 7,192.8% during the second quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock worth $40,989,000 after acquiring an additional 448,545 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ORLY shares. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating and set a $111.00 target price (up from $110.00) on shares of O’Reilly Automotive in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Wednesday, January 28th. Morgan Stanley set a $110.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and an average target price of $111.85.

O’Reilly Automotive Stock Performance

ORLY opened at $98.01 on Tuesday. The company has a market cap of $82.73 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.09 and a beta of 0.62. O’Reilly Automotive, Inc. has a one year low of $85.55 and a one year high of $108.71. The business’s fifty day moving average is $95.47 and its two-hundred day moving average is $99.16.

Insider Activity at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. The trade was a 42.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction dated 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 owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. The SEC filing for this sale provides additional information. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive 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.