Hsbc Holdings PLC Decreases Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

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Hsbc Holdings PLC cut its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 17.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 142,423 shares of the specialty retailer's stock after selling 30,358 shares during the period. Hsbc Holdings PLC owned 0.25% of O'Reilly Automotive worth $203,829,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORLY. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive in the 1st quarter valued at $26,000. HighMark Wealth Management LLC raised its holdings in 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 acquiring an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive during the 1st quarter worth $30,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of O'Reilly Automotive during the 4th quarter worth $37,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock traded down $0.56 during trading on Friday, reaching $102.31. 3,483,467 shares of the company's stock were exchanged, compared to its average volume of 4,655,377. The company's 50-day moving average is $95.50 and its two-hundred day moving average is $92.34. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86. The firm has a market cap of $86.81 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.70 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the company earned $10.55 EPS. The firm's 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. Analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Citigroup upped their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Argus initiated coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price objective for the company. Truist Financial upped their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada upped their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two equities research 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 data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus price target of $104.40.

Insider Activity

In related news, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.6967, for a total transaction of $2,720,900.00. Following the completion of the sale, the senior vice president directly owned 240 shares of the company's stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,920 shares of company stock worth $15,487,502 in the last quarter. Insiders own 1.01% of the company's stock.

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.