Fred Alger Management LLC Purchases 60,426 Shares of O’Reilly Automotive, Inc. $ORLY

Fred Alger Management LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 89.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 128,249 shares of the specialty retailer’s stock after buying an additional 60,426 shares during the quarter. Fred Alger Management LLC’s holdings in O’Reilly Automotive were worth $13,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth grew its holdings in shares of O’Reilly Automotive by 4.3% in the third quarter. Focus Partners Wealth now owns 71,131 shares of the specialty retailer’s stock valued at $7,669,000 after acquiring an additional 2,900 shares in the last quarter. Destination Wealth Management increased its position in shares of O’Reilly Automotive by 1.0% during the third quarter. Destination Wealth Management now owns 226,525 shares of the specialty retailer’s stock valued at $24,422,000 after acquiring an additional 2,353 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its holdings in O’Reilly Automotive by 38.8% during the third quarter. Elevation Point Wealth Partners LLC now owns 11,755 shares of the specialty retailer’s stock worth $1,267,000 after acquiring an additional 3,284 shares during the period. Eventide Asset Management LLC boosted its position in O’Reilly Automotive by 0.9% in the third quarter. Eventide Asset Management LLC now owns 533,086 shares of the specialty retailer’s stock worth $57,467,000 after purchasing an additional 4,750 shares during the last quarter. Finally, CSM Advisors LLC boosted its position in O’Reilly Automotive by 779.3% in the third quarter. CSM Advisors LLC now owns 31,655 shares of the specialty retailer’s stock worth $3,410,000 after purchasing an additional 28,055 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $90.46 on Tuesday. The company’s fifty day simple moving average is $94.89 and its two-hundred day simple moving average is $97.75. O’Reilly Automotive, Inc. has a 1 year low of $86.79 and a 1 year high of $108.71. The stock has a market capitalization of $75.85 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.04 and a beta of 0.63.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 4th. The specialty retailer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.39 billion. O’Reilly Automotive had a negative return on equity of 239.04% and a net margin of 14.27%.O’Reilly Automotive’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $9.50 earnings per share. O’Reilly Automotive has set its FY 2026 guidance at 3.100-3.200 EPS. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ORLY shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Wednesday, January 28th. Mizuho set a $105.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a report on Friday, February 6th. DA Davidson restated a “buy” rating and set a $110.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, February 3rd. Citigroup lowered their price objective on shares of O’Reilly Automotive from $114.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Truist Financial set a $107.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $110.26.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.