QRG Capital Management Inc. raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2,194.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 76,254 shares of the specialty retailer's stock after buying an additional 72,930 shares during the quarter. QRG Capital Management Inc.'s holdings in O'Reilly Automotive were worth $6,873,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Adero Partners LLC increased its stake in O'Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares during the period. Avior Wealth Management LLC increased its stake in O'Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares during the period. Lindbrook Capital LLC increased its stake in O'Reilly Automotive by 2.6% in the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares during the period. Geneos Wealth Management Inc. increased its stake in O'Reilly Automotive by 1.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock valued at $953,000 after buying an additional 8 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in O'Reilly Automotive by 3.2% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock valued at $417,000 after buying an additional 9 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ORLY has been the topic of a number of recent analyst reports. Guggenheim upped their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Saturday, September 27th. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Evercore ISI upped their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $107.17.
Get Our Latest Report on O'Reilly Automotive
Insider Activity at O'Reilly Automotive
In other news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.
O'Reilly Automotive Trading Down 0.2%
NASDAQ:ORLY opened at $104.79 on Monday. The firm has a market cap of $88.91 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $76.10 and a 12-month high of $108.71. The company's 50-day moving average is $103.61 and its two-hundred day moving average is $95.77.
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, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
O'Reilly Automotive Company Profile
(
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.
Further Reading
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