AE Wealth Management LLC Acquires 15,795 Shares of O’Reilly Automotive, Inc. $ORLY

AE Wealth Management LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,304.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,006 shares of the specialty retailer’s stock after acquiring an additional 15,795 shares during the quarter. AE Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $25,000. Oakworth Capital Inc. increased its position in shares of O’Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Canton Hathaway LLC raised its holdings in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares during the period. Finally, ORG Partners LLC lifted its position in O’Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at approximately $752,375. This trade represents a 27.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 1.1%

NASDAQ:ORLY opened at $98.09 on Thursday. The firm has a market capitalization of $83.23 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71. The stock’s 50 day moving average price is $101.63 and its two-hundred day moving average price is $97.07.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ORLY shares. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, November 5th. Guggenheim lifted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, 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 research note on Friday, July 25th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

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.