Norden Group LLC Acquires 5,632 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Norden Group LLC significantly increased its holdings in O'Reilly Automotive by 1,711.9% in the second quarter, buying an additional 5,632 shares, bringing their total to 5,961 shares valued at approximately $537,000.
• O'Reilly Automotive reported quarterly earnings of $0.78 EPS, meeting analysts' expectations, with revenues of $4.53 billion, which was slightly below projections.
• Institutional investors now own 85% of O'Reilly Automotive's stock, indicating strong confidence in the company's performance, as various hedge funds have made substantial increases in their positions.

Norden Group LLC raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,711.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,961 shares of the specialty retailer's stock after acquiring an additional 5,632 shares during the quarter. Norden Group LLC's holdings in O'Reilly Automotive were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC raised its position in O'Reilly Automotive by 175,115.6% during the 1st 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. Farther Finance Advisors LLC raised its position in shares of O'Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after acquiring an additional 714,953 shares during the last quarter. Nuveen LLC bought a new position in shares of O'Reilly Automotive during the first quarter worth about $897,549,000. Argent Capital Management LLC boosted its holdings in O'Reilly Automotive by 1,379.2% in the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after acquiring an additional 566,087 shares during the last quarter. Finally, Woodstock Corp increased its position in O'Reilly Automotive by 1,376.6% during the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock valued at $52,770,000 after purchasing an additional 545,839 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock opened at $104.58 on Friday. The business has a 50-day simple moving average of $102.33 and a 200 day simple moving average of $94.94. O'Reilly Automotive, Inc. has a one year low of $75.79 and a one year high of $108.42. The firm has a market capitalization of $88.74 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 2.73 and a beta of 0.60.

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

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent analyst reports. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. TD Cowen boosted their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. BMO Capital Markets increased their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada upped their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $107.17.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. Company 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.

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