NBC Securities Inc. Raises Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• NBC Securities Inc. increased its stake in O'Reilly Automotive by 1,388.5% during the 2nd quarter, now holding 20,869 shares valued at approximately $1.88 million.
• O'Reilly Automotive's stock price recently showed a decline of 1.1%, with a market cap of $90.19 billion and a PE ratio of 38.00.
• Recent research updates indicated a positive outlook for O'Reilly Automotive, with several analysts raising their price targets and maintaining a consensus rating of "Buy."

NBC Securities Inc. grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,388.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,869 shares of the specialty retailer's stock after acquiring an additional 19,467 shares during the quarter. NBC Securities Inc.'s holdings in O'Reilly Automotive were worth $1,880,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares during the last quarter. Nuveen LLC bought a new position in shares of O'Reilly Automotive during the first quarter valued at about $897,549,000. Wellington Management Group LLP increased its holdings in shares of O'Reilly Automotive by 20.8% in 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. Assenagon Asset Management S.A. increased its holdings in shares of O'Reilly Automotive by 197.2% in the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock worth $434,765,000 after buying an additional 201,356 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after acquiring an additional 147,904 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Stock Down 1.1%

Shares of O'Reilly Automotive stock opened at $106.29 on Tuesday. The business has a 50 day moving average of $100.38 and a 200 day moving average of $94.20. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The company has a market cap of $90.19 billion, a PE ratio of 38.00, a P/E/G ratio of 2.84 and a beta of 0.60.

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 (EPS) for the quarter, meeting 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm earned $10.55 EPS. The company's quarterly revenue 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. On average, research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the 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 completion of the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the topic of several recent research reports. DA Davidson raised their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI increased 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. JPMorgan Chase & Co. raised their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Monday. Finally, Truist Financial increased their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and an average price target of $106.36.

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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.