AQR Capital Management LLC Increases Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• AQR Capital Management LLC increased its holdings in O'Reilly Automotive by 15.8%, acquiring an additional 20,485 shares during the first quarter, which brings its total ownership to around $214.7 million.
• Several hedge funds, including Bank Pictet & Cie Europe AG and Aptus Capital Advisors LLC, also raised their stakes in O'Reilly Automotive, contributing to institutional investors holding 85% of the company's stock.
• Research analysts have recently updated their price targets for the stock, with multiple firms setting targets between $98.00 and $120.00, indicating a generally positive outlook on O'Reilly Automotive's performance.

AQR Capital Management LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,859 shares of the specialty retailer's stock after acquiring an additional 20,485 shares during the quarter. AQR Capital Management LLC owned approximately 0.26% of O'Reilly Automotive worth $214,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust bought a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $25,000. HWG Holdings LP purchased a new stake in O'Reilly Automotive in the first quarter worth $26,000. HighMark Wealth Management LLC grew its stake in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP purchased a new stake in O'Reilly Automotive in the first quarter worth $30,000. Finally, Saudi Central Bank purchased a new stake in O'Reilly Automotive in the first quarter worth $33,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 0.2%

ORLY stock traded down $0.20 during trading on Friday, reaching $104.84. The stock had a trading volume of 4,202,443 shares, compared to its average volume of 3,823,110. The stock's 50 day moving average is $98.48 and its two-hundred day moving average is $93.42. O'Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $105.32. The firm has a market cap of $88.96 billion, a PE ratio of 37.48, a PEG ratio of 2.77 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $10.55 earnings per share. 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 EPS for the current year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive 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 sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORLY shares. Evercore ISI upped their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada upped their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Guggenheim upped their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Citigroup upped their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, DA Davidson boosted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average target price of $104.40.

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.