Cerity Partners LLC Raises Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Cerity Partners LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,362.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,285 shares of the specialty retailer’s stock after acquiring an additional 207,084 shares during the quarter. Cerity Partners LLC’s holdings in O’Reilly Automotive were worth $20,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ORLY. Oxbow Advisors LLC raised its stake in shares of O’Reilly Automotive by 785.7% in the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after acquiring an additional 58,828 shares during the period. Providence First Trust Co increased its holdings in 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 purchasing an additional 6,408 shares in the last quarter. Maryland State Retirement & Pension System raised its position in 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 purchasing an additional 38,718 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 98,616 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of 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 worth $6,873,000 after purchasing an additional 72,930 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Wednesday, November 5th. TD Cowen lifted their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Argus initiated coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price for the company. Finally, The Goldman Sachs Group set a $121.00 price target on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.05.

Insider Activity

In related news, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the sale, the senior vice president directly owned 4,792 shares of the company’s stock, valued at approximately $485,190. This represents a 42.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 8,980 shares of company stock worth $882,335. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Performance

ORLY opened at $94.25 on Wednesday. The company has a market capitalization of $79.56 billion, a P/E ratio of 32.65, a PEG ratio of 2.31 and a beta of 0.62. The company has a 50-day moving average of $99.30 and a 200-day moving average of $98.14. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $4.71 billion for 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.