Pallas Capital Advisors LLC Purchases 91,101 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Pallas Capital Advisors LLC has significantly increased its stake in O'Reilly Automotive by 1,320.3% during the 2nd quarter, now owning 98,001 shares valued at approximately $8.83 million.
• Insiders at O'Reilly Automotive have sold a total of 125,635 shares worth approximately $12.74 million in the last quarter, with notable sales from senior vice presidents.
• O'Reilly Automotive's stock has a consensus rating of "Buy" from analysts, with several firms raising their target prices, bringing it to an average target of $106.36.

Pallas Capital Advisors LLC raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,320.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,001 shares of the specialty retailer's stock after buying an additional 91,101 shares during the quarter. Pallas Capital Advisors LLC's holdings in O'Reilly Automotive were worth $8,833,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the first quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive in the 1st quarter valued at $25,000. HighMark Wealth Management LLC grew its stake in O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP bought a new position in O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Saudi Central Bank bought a new position in shares of O'Reilly Automotive during the 1st quarter worth $33,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $0.24 during mid-day trading on Friday, reaching $103.93. 10,047,562 shares of the stock traded hands, compared to its average volume of 4,166,746. The stock has a market capitalization of $88.18 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42. The business's 50-day moving average is $101.37 and its 200-day moving average is $94.56.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the company posted $10.55 EPS. The firm's revenue was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORLY. Barclays reissued an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Truist Financial raised their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI raised their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $107.17.

Insider Transactions at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of the firm's 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 sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate 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.