First Manhattan CO. LLC. Has $251.19 Million Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• First Manhattan CO. LLC. reduced its stake in O'Reilly Automotive by 7.7%, selling 14,651 shares, leaving them with 175,342 shares worth approximately $251.19 million.
• O'Reilly Automotive reported earnings per share of $0.78, meeting analysts' expectations, and had a quarterly revenue of $4.53 billion, which was slightly below consensus estimates.
• Multiple analysts have upgraded their price targets for O'Reilly Automotive, with Citigroup and JPMorgan boosting their targets to $114.00 and $113.00 respectively, reflecting a positive outlook on the stock.

First Manhattan CO. LLC. cut its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 175,342 shares of the specialty retailer's stock after selling 14,651 shares during the period. O'Reilly Automotive makes up approximately 0.7% of First Manhattan CO. LLC.'s holdings, making the stock its 26th largest holding. First Manhattan CO. LLC. owned about 0.31% of O'Reilly Automotive worth $251,191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC raised its stake in shares of O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after purchasing an additional 8 shares in the last quarter. Marcum Wealth LLC raised its stake in shares of O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after purchasing an additional 8 shares in the last quarter. Adero Partners LLC raised its stake in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after purchasing an additional 8 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after purchasing an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after purchasing an additional 8 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Trading Down 0.2%

ORLY traded down $0.20 during midday trading on Friday, reaching $104.84. The company's stock had a trading volume of 4,202,443 shares, compared to its average volume of 3,823,110. O'Reilly Automotive, Inc. has a twelve month low of $73.11 and a twelve month high of $105.32. The stock has a market cap of $88.96 billion, a P/E ratio of 37.48, a PEG ratio of 2.77 and a beta of 0.60. The company has a fifty day simple moving average of $98.48 and a 200 day simple moving average of $93.38.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on ORLY shares. DA Davidson raised their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $104.40.

Insider Transactions at O'Reilly Automotive

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

O'Reilly Automotive 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.