Valmark Advisers Inc. Acquires 6,580 Shares of O’Reilly Automotive, Inc. $ORLY

Valmark Advisers Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,628.7% during the second quarter, Holdings Channel reports. The firm owned 6,984 shares of the specialty retailer’s stock after purchasing an additional 6,580 shares during the period. Valmark Advisers Inc.’s holdings in O’Reilly Automotive were worth $629,000 as of its most recent SEC filing.

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

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $99.72 on Friday. The firm has a market capitalization of $84.61 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60. The company’s fifty day moving average is $103.84 and its two-hundred day moving average is $96.00. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 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.

Insider Activity at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their target price on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, Guggenheim lifted their target price on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $107.17.

About O’Reilly Automotive

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.