O'Reilly Automotive, Inc. $ORLY Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors has reduced its stake in O'Reilly Automotive by 4.0%, selling 6,125 shares to hold a total of 148,414 shares valued at approximately $212.6 million.
• O'Reilly Automotive reported earnings of $0.78 per share for the last quarter, meeting analysts' expectations, along with revenues of $4.53 billion, slightly below forecasts.
• Various hedge funds have increased their investments in O'Reilly Automotive, with institutional investors now owning 85.00% of the company's stock.

Dimensional Fund Advisors LP cut its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 148,414 shares of the specialty retailer's stock after selling 6,125 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of O'Reilly Automotive worth $212,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive in the first quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 185.7% in the 1st 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 last quarter. Piscataqua Savings Bank bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $43,000. Finally, Vestor Capital LLC bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O'Reilly Automotive

In other news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.6967, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president directly owned 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,920 shares of company stock worth $15,487,502. Company insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of several analyst reports. Evercore ISI raised their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Truist Financial raised their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Citigroup raised their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Argus initiated coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price for the company. Finally, Wells Fargo & Company upped their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and a consensus target price of $104.40.

O'Reilly Automotive Price Performance

Shares of ORLY stock traded down $0.56 during mid-day trading on Friday, hitting $102.31. The stock had a trading volume of 3,483,467 shares, compared to its average volume of 4,655,377. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $104.86. The firm has a market capitalization of $86.81 billion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. The firm's 50-day moving average is $95.50 and its two-hundred day moving average is $92.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during 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 business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

About O'Reilly Automotive

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.