Acadian Asset Management LLC Purchases 959 Shares of O’Reilly Automotive, Inc. $ORLY

Acadian Asset Management LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 156.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,572 shares of the specialty retailer’s stock after buying an additional 959 shares during the period. Acadian Asset Management LLC’s holdings in O’Reilly Automotive were worth $2,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORLY. Bank Pictet & Cie Europe AG raised its stake in O’Reilly Automotive by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer’s stock worth $41,848,000 after buying an additional 1,208 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of O’Reilly Automotive by 18.2% in the 4th quarter. Gotham Asset Management LLC now owns 423 shares of the specialty retailer’s stock valued at $502,000 after acquiring an additional 65 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in O’Reilly Automotive by 8.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,674 shares of the specialty retailer’s stock worth $9,100,000 after purchasing an additional 583 shares during the period. Toronto Dominion Bank grew its holdings in O’Reilly Automotive by 57.9% in the fourth quarter. Toronto Dominion Bank now owns 33,452 shares of the specialty retailer’s stock worth $39,667,000 after purchasing an additional 12,273 shares during the period. Finally, Strategic Wealth Partners Ltd. acquired a new stake in O’Reilly Automotive in the fourth quarter worth $228,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORLY shares. Citigroup raised their price target 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. Evercore ISI raised their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Argus started coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Truist Financial raised their price target on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $106.36.

Insider Activity at O’Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction on 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 completion of the sale, the senior vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the business’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 completion of the sale, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Down 1.1%

NASDAQ ORLY opened at $106.29 on Tuesday. The company has a market cap of $90.19 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The firm’s 50-day simple moving average is $100.38 and its two-hundred day simple moving average is $94.20.

O’Reilly Automotive (NASDAQ:ORLY) 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 for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the business posted $10.55 earnings per share. The company’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. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O’Reilly Automotive Company 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.