Wallace Hart LLC Makes New $851,000 Investment in O’Reilly Automotive, Inc. $ORLY

Wallace Hart LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,889 shares of the specialty retailer’s stock, valued at approximately $851,000. O’Reilly Automotive comprises 0.6% of Wallace Hart LLC’s portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of ORLY. True Wealth Design LLC grew its position in O’Reilly Automotive by 127.7% during the third quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 152 shares during the period. Canton Hathaway LLC boosted its stake in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at about $32,000. Nemes Rush Group LLC increased its holdings in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 294 shares during the last quarter. Finally, United Community Bank increased its position in O’Reilly Automotive by 75.0% during the third quarter. United Community Bank now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 135 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ORLY shares. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 24th. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, November 5th. Evercore ISI restated an “outperform” rating on shares of O’Reilly Automotive in a research note on Friday. Finally, Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and an average price target of $111.85.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $98.01 on Tuesday. The firm has a market cap of $82.73 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62. O’Reilly Automotive, Inc. has a 1 year low of $85.55 and a 1 year high of $108.71. The firm’s 50 day moving average price is $95.47 and its 200 day moving average price is $99.16.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. This represents a 42.21% decrease in their position. The SEC filing for this sale provides additional information. 1.01% of the stock is owned by insiders.

About O’Reilly Automotive

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.