Paradiem LLC Raises Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Paradiem LLC increased its holdings in O'Reilly Automotive by 323.2%, acquiring 15,591 additional shares during the 2nd quarter, giving them a total of 20,415 shares valued at approximately $1.84 million.
• Major hedge funds, including Congress Asset Management and Farther Finance Advisors, have significantly raised their stakes in O'Reilly Automotive, with increases of over 1,300% during the same period.
• O'Reilly Automotive's stocks have remained strong, showing a 1.4% increase recently, with shares opening at $107.55 and a market cap of $91.26 billion.

Paradiem LLC lifted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 323.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,415 shares of the specialty retailer's stock after acquiring an additional 15,591 shares during the period. Paradiem LLC's holdings in O'Reilly Automotive were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ORLY. Congress Asset Management Co. increased its position in shares of O'Reilly Automotive by 1,385.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after acquiring an additional 1,474,068 shares during the period. Farther Finance Advisors LLC increased its position in shares of O'Reilly Automotive by 1,403.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock valued at $69,031,000 after acquiring an additional 714,953 shares during the period. Nuveen LLC acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at $897,549,000. Argent Capital Management LLC increased its position in shares of O'Reilly Automotive by 1,379.2% in the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after acquiring an additional 566,087 shares during the period. Finally, Woodstock Corp increased its position in shares of O'Reilly Automotive by 1,376.6% in the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock valued at $52,770,000 after acquiring an additional 545,839 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Up 1.4%

Shares of O'Reilly Automotive stock opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a twelve month low of $75.93 and a twelve month high of $108.42. The business has a 50-day moving average price of $102.87 and a 200 day moving average price of $95.31. The firm has a market cap of $91.26 billion, a PE ratio of 38.45, a P/E/G ratio of 2.80 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the business earned $10.55 EPS. O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction dated 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 transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last 90 days. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial upped their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wolfe Research began coverage on O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets increased their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two investment analysts have 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 MarketBeat.com, the company has an average rating of "Buy" and an average target price 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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