Pacific Point Advisors LLC Raises Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Pacific Point Advisors LLC significantly increased its holdings in O'Reilly Automotive by 1,416.3%, owning 23,624 shares valued at approximately $2.1 million.
• Other institutional investors also boosted their positions, with NBC Securities Inc. increasing its stake by 140,100.0% in the first quarter.
• O'Reilly Automotive recently reported earnings of $0.78 per share, matching analysts' estimates, with a revenue of $4.53 billion, showing a year-over-year increase of 5.9%.

Pacific Point Advisors LLC raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,416.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,624 shares of the specialty retailer's stock after acquiring an additional 22,066 shares during the period. O'Reilly Automotive makes up approximately 1.2% of Pacific Point Advisors LLC's holdings, making the stock its 13th biggest position. Pacific Point Advisors LLC's holdings in O'Reilly Automotive were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in O'Reilly Automotive by 140,100.0% in the first quarter. NBC Securities Inc. now owns 1,402 shares of the specialty retailer's stock worth $2,008,000 after purchasing an additional 1,401 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of O'Reilly Automotive by 25.9% during the 1st quarter. Merit Financial Group LLC now owns 1,971 shares of the specialty retailer's stock valued at $2,824,000 after buying an additional 406 shares during the period. HBW Advisory Services LLC purchased a new position in shares of O'Reilly Automotive in the 1st quarter worth $271,000. RFG Advisory LLC bought a new stake in shares of O'Reilly Automotive in the first quarter worth $586,000. Finally, Kwmg LLC bought a new stake in shares of O'Reilly Automotive in the first quarter worth $201,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Activity

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Trading Up 0.2%

O'Reilly Automotive stock opened at $107.81 on Wednesday. O'Reilly Automotive, Inc. has a 12-month low of $75.93 and a 12-month high of $108.72. The firm has a market capitalization of $91.48 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 2.84 and a beta of 0.60. The firm has a 50 day moving average of $103.12 and a 200 day moving average of $95.40.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion during 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 business posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ORLY. Truist Financial increased their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Evercore ISI increased their price objective 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. Citigroup raised their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 target price for the company. Finally, UBS Group increased their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and an average price target of $107.17.

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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