Federated Hermes Inc. Has $64.37 Million Holdings in O’Reilly Automotive, Inc. $ORLY

Federated Hermes Inc. decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 597,074 shares of the specialty retailer’s stock after selling 166,311 shares during the quarter. Federated Hermes Inc. owned about 0.07% of O’Reilly Automotive worth $64,371,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. HighMark Wealth Management LLC boosted its stake in O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the period. Canton Hathaway LLC boosted its position in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 280 shares during the period. ORG Partners LLC boosted its position in shares of O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares during the period. Nemes Rush Group LLC grew its stake 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 acquiring an additional 294 shares in the last quarter. Finally, True Wealth Design LLC increased 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 worth $29,000 after acquiring an additional 152 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of recent research reports. Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada set a $110.00 price target on O’Reilly Automotive and gave the company an “outperform” rating in a research note on Friday, October 24th. Wolfe Research upgraded O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Finally, Robert W. Baird raised O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $111.80.

O’Reilly Automotive Trading Up 0.7%

Shares of NASDAQ ORLY opened at $101.37 on Thursday. The company has a market cap of $85.57 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.14 and a beta of 0.63. O’Reilly Automotive, Inc. has a 12 month low of $85.04 and a 12 month high of $108.71. The stock has a 50-day moving average price of $95.53 and a two-hundred day moving average price of $98.97.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. This represents a 98.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the sale, the senior vice president directly owned 4,792 shares in the company, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,980 shares of company stock worth $882,335 in the last three months. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Company 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.