Beacon Pointe Advisors LLC Has $603,000 Stake in O’Reilly Automotive, Inc. $ORLY

Beacon Pointe Advisors LLC lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,353.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,688 shares of the specialty retailer’s stock after acquiring an additional 6,228 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in O’Reilly Automotive were worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oxbow Advisors LLC lifted its position in O’Reilly Automotive by 785.7% during the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares in the last quarter. Providence First Trust Co grew its holdings in shares of O’Reilly Automotive by 1,433.6% in the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after acquiring an additional 6,408 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of O’Reilly Automotive by 1,431.9% in the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after acquiring an additional 38,718 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in O’Reilly Automotive by 1,063.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock worth $9,724,000 after acquiring an additional 98,616 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in O’Reilly Automotive by 2,194.0% during the second quarter. QRG Capital Management Inc. now owns 76,254 shares of the specialty retailer’s stock valued at $6,873,000 after purchasing an additional 72,930 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This trade represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,980 shares of company stock worth $882,335 in the last 90 days. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Finally, The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Down 0.6%

Shares of ORLY stock opened at $98.89 on Monday. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71. The company has a market capitalization of $83.47 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.61. The firm has a 50 day moving average price of $99.76 and a two-hundred day moving average price of $98.07.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior 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, research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.