Alyeska Investment Group L.P. Purchases 104,169 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Alyeska Investment Group L.P. significantly increased its holdings in O'Reilly Automotive by 387.4% during Q1, now owning 131,056 shares valued at approximately $187.7 million.
• Major institutional investors like Vanguard Group and Wellington Management Group also raised their positions in O'Reilly Automotive, contributing to a total of 85% ownership by institutional investors.
• Analysts have a consensus "Buy" rating for O'Reilly Automotive, with target price estimates ranging from $86 to $120, indicating a positive outlook for the stock.

Alyeska Investment Group L.P. lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 387.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,056 shares of the specialty retailer's stock after buying an additional 104,169 shares during the period. O'Reilly Automotive comprises 0.7% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 26th biggest holding. Alyeska Investment Group L.P. owned approximately 0.23% of O'Reilly Automotive worth $187,748,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bank of Jackson Hole Trust purchased a new position in O'Reilly Automotive in the 1st quarter valued at approximately $25,000. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $26,000. HighMark Wealth Management LLC grew its position in shares of O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $30,000. Finally, Saudi Central Bank acquired a new position in O'Reilly Automotive in the first quarter valued at $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Guggenheim upped their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Citigroup raised their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI raised their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada raised their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $104.40.

Insider Buying and Selling

In other news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive Trading Down 0.2%

ORLY traded down $0.20 on Friday, hitting $104.84. 4,202,443 shares of the stock traded hands, compared to its average volume of 3,823,110. O'Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $105.32. The firm has a market capitalization of $88.96 billion, a PE ratio of 37.48, a P/E/G ratio of 2.77 and a beta of 0.60. The business has a fifty day moving average price of $98.48 and a two-hundred day moving average price of $93.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.