Hardy Reed LLC Boosts Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Hardy Reed LLC significantly increased its investment in O'Reilly Automotive by 1,222.2%, acquiring an additional 13,982 shares for a total of 15,126 shares valued at $1.36 million.
• Insiders at O'Reilly Automotive sold a total of 125,635 shares over the last three months, indicating a 3.60% decrease in ownership for one key director.
• O'Reilly Automotive reported $0.78 earnings per share in its most recent quarter, meeting analyst expectations, with a year-over-year revenue increase of 5.9% to $4.53 billion.

Hardy Reed LLC raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,222.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,126 shares of the specialty retailer's stock after purchasing an additional 13,982 shares during the period. Hardy Reed LLC's holdings in O'Reilly Automotive were worth $1,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after acquiring an additional 75,125 shares during the last quarter. Wellington Management Group LLP boosted its stake in O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after purchasing an additional 1,573,010 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of O'Reilly Automotive by 1,385.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after buying an additional 1,474,068 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in O'Reilly Automotive by 1,438.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after purchasing an additional 1,298,307 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last three months. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Stock Down 1.4%

NASDAQ ORLY opened at $103.30 on Tuesday. The business has a 50 day moving average price of $103.73 and a two-hundred day moving average price of $95.86. The stock has a market cap of $87.65 billion, a PE ratio of 36.93, a P/E/G ratio of 2.77 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during 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 quarterly revenue was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on ORLY shares. Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Citigroup raised their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. UBS Group upped their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $107.17.

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.

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