Western Wealth Management LLC Increases Holdings in O’Reilly Automotive, Inc. $ORLY

Western Wealth Management LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,371.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,548 shares of the specialty retailer’s stock after purchasing an additional 50,842 shares during the quarter. Western Wealth Management LLC’s holdings in O’Reilly Automotive were worth $4,916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORLY. Geode Capital Management LLC boosted its position in shares of O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after buying an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 1,317.8% in the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after purchasing an additional 16,406,181 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of O’Reilly Automotive by 1,820.9% in the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of O’Reilly Automotive by 1,467.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock worth $824,934,000 after purchasing an additional 8,568,904 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of O’Reilly Automotive by 1,558.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock worth $392,630,000 after purchasing an additional 4,093,545 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. DA Davidson increased their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Guggenheim lifted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. UBS Group reissued a “buy” rating and set a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Finally, BMO Capital Markets raised their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.89.

O’Reilly Automotive Trading Up 0.5%

NASDAQ:ORLY opened at $98.80 on Friday. The stock has a 50 day moving average of $101.37 and a 200-day moving average of $97.16. The firm has a market capitalization of $83.40 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the business posted $11.41 EPS. The business’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, analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.