Denali Advisors LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,370.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,820 shares of the specialty retailer's stock after purchasing an additional 16,608 shares during the quarter. Denali Advisors LLC's holdings in O'Reilly Automotive were worth $1,606,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ORLY. GAMMA Investing LLC raised its holdings in O'Reilly Automotive by 22.3% in the first quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock valued at $1,822,000 after acquiring an additional 232 shares in the last quarter. Valmark Advisers Inc. raised its holdings in O'Reilly Automotive by 4.7% in the first quarter. Valmark Advisers Inc. now owns 404 shares of the specialty retailer's stock valued at $579,000 after acquiring an additional 18 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in O'Reilly Automotive by 6.1% in the first quarter. Asset Management One Co. Ltd. now owns 25,476 shares of the specialty retailer's stock valued at $36,496,000 after acquiring an additional 1,473 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in O'Reilly Automotive by 9.3% in the first quarter. Consolidated Portfolio Review Corp now owns 328 shares of the specialty retailer's stock valued at $470,000 after acquiring an additional 28 shares in the last quarter. Finally, YHB Investment Advisors Inc. raised its holdings in O'Reilly Automotive by 5.7% in the first quarter. YHB Investment Advisors Inc. now owns 259 shares of the specialty retailer's stock valued at $371,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ORLY. Wells Fargo & Company set a $115.00 target price on shares of O'Reilly Automotive and gave the company an "overweight" rating in a report on Wednesday, October 15th. DA Davidson raised their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Mizuho set a $112.00 price target on shares of O'Reilly Automotive in a research note on Monday. BMO Capital Markets increased their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Citigroup increased their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $110.04.
Check Out Our Latest Stock Analysis on ORLY
Insider Buying and Selling
In related news, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last ninety days. Company insiders own 1.01% of the company's stock.
O'Reilly Automotive Trading Down 0.1%
Shares of ORLY opened at $101.21 on Thursday. The firm has a market cap of $85.88 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The company's 50 day simple moving average is $103.73 and its 200-day simple moving average is $96.48. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period last year, the firm posted $11.41 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
O'Reilly Automotive Company Profile
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Free Report)
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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