DNB Asset Management AS Boosts Position in O’Reilly Automotive, Inc. $ORLY

DNB Asset Management AS raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,480.2% during the 2nd quarter, Holdings Channel reports. The firm owned 156,025 shares of the specialty retailer’s stock after acquiring an additional 146,151 shares during the quarter. DNB Asset Management AS’s holdings in O’Reilly Automotive were worth $14,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in O’Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after acquiring an additional 8 shares in the last quarter. Journey Strategic Wealth LLC increased its stake in shares of O’Reilly Automotive by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock worth $317,000 after purchasing an additional 9 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of O’Reilly Automotive by 2.3% during the 1st quarter. Foundations Investment Advisors LLC now owns 395 shares of the specialty retailer’s stock worth $566,000 after purchasing an additional 9 shares in the last quarter. Hemington Wealth Management raised its position in shares of O’Reilly Automotive by 4.5% during the 1st quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock worth $296,000 after purchasing an additional 9 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its stake in O’Reilly Automotive by 1.4% in the 1st quarter. Exencial Wealth Advisors LLC now owns 673 shares of the specialty retailer’s stock valued at $964,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction on 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 directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Trading Up 1.4%

Shares of NASDAQ:ORLY opened at $100.43 on Friday. The firm has a market cap of $84.77 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 2.48 and a beta of 0.57. The stock’s 50-day moving average price is $100.62 and its two-hundred day moving average price is $97.36. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71.

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

Analysts Set New Price Targets

Several research firms have weighed in on ORLY. Barclays set a $91.00 price target on O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. The Goldman Sachs Group set a $121.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday, October 31st. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research note on Wednesday, November 5th. Finally, Argus began coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

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.