O'Reilly Automotive, Inc. $ORLY Shares Acquired by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund Inc. significantly increased its stake in O'Reilly Automotive by 1,322.4%, owning 247,500 shares valued at approximately $22.3 million.
• O'Reilly Automotive reported $0.78 earnings per share for its most recent quarter, meeting analyst expectations, with a 5.9% increase in revenue year-over-year.
• Institutional investors collectively own 85% of O'Reilly Automotive's stock, highlighting strong market confidence in the company.

Adams Diversified Equity Fund Inc. lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,322.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,500 shares of the specialty retailer's stock after acquiring an additional 230,100 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in O'Reilly Automotive were worth $22,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive during the 1st quarter valued at $25,000. HighMark Wealth Management LLC lifted its holdings in shares of O'Reilly Automotive by 185.7% during 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 in the last quarter. Elequin Capital LP acquired a new position in shares of O'Reilly Automotive during the 1st quarter valued at $30,000. Saudi Central Bank acquired a new position in shares of O'Reilly Automotive during the 1st quarter valued at $33,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of O'Reilly Automotive during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Up 0.3%

Shares of NASDAQ:ORLY opened at $101.31 on Wednesday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The firm has a 50-day simple moving average of $103.76 and a 200 day simple moving average of $96.45. The company has a market cap of $85.96 billion, a PE ratio of 36.22, a P/E/G ratio of 2.67 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 earnings per share 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 during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the business'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 sale, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 in the last quarter. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent research reports. TD Cowen lifted 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. Evercore ISI boosted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Argus assumed coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned 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 "Moderate Buy" and an average price target of $110.04.

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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