O'Reilly Automotive, Inc. $ORLY Shares Acquired by Meadow Creek Wealth Advisors LLC

Key Points

• Meadow Creek Wealth Advisors LLC significantly increased its stake in O'Reilly Automotive, acquiring an additional 3,319 shares, representing a 1,243.1% increase during the second quarter.
• Several institutional investors, including Adams Diversified Equity Fund Inc. and Black Diamond Financial LLC, also made substantial contributions to their holdings in O'Reilly Automotive, indicating strong institutional interest in the company.
• Despite a slight stock increase of 0.3%, O'Reilly Automotive's earnings report showed consistent performance with earnings per share of $0.78 and revenue of $4.53 billion for the last quarter.

Meadow Creek Wealth Advisors LLC increased its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,243.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,586 shares of the specialty retailer's stock after acquiring an additional 3,319 shares during the quarter. Meadow Creek Wealth Advisors LLC's holdings in O'Reilly Automotive were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caliber Wealth Management LLC KS acquired a new position in O'Reilly Automotive in the 2nd quarter valued at about $597,000. Adams Diversified Equity Fund Inc. raised its holdings in O'Reilly Automotive by 1,322.4% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 247,500 shares of the specialty retailer's stock valued at $22,307,000 after buying an additional 230,100 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of O'Reilly Automotive by 1,400.0% in the 2nd quarter. Black Diamond Financial LLC now owns 3,015 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 2,814 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in O'Reilly Automotive by 1,421.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 10,240 shares of the specialty retailer's stock valued at $923,000 after purchasing an additional 9,567 shares during the last quarter. Finally, Denali Advisors LLC raised its position in O'Reilly Automotive by 1,370.3% in the second quarter. Denali Advisors LLC now owns 17,820 shares of the specialty retailer's stock valued at $1,606,000 after purchasing an additional 16,608 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Up 0.3%

O'Reilly Automotive stock opened at $101.31 on Wednesday. O'Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The firm has a market capitalization of $85.96 billion, a PE ratio of 36.22, a P/E/G ratio of 2.67 and a beta of 0.60. The firm's 50-day simple moving average is $103.76 and its 200 day simple moving average is $96.45.

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, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during 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 company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.55 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

ORLY has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Citigroup raised 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 report on Friday, July 25th. Wolfe Research initiated coverage on O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price objective on the stock. TD Cowen boosted their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, DA Davidson increased their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Moderate Buy" and a consensus target price of $110.04.

Insider Buying and Selling

In related news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were 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. The trade was a 89.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the company'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 completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

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.

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