Perennial Investment Advisors LLC Purchases 6,119 Shares of O’Reilly Automotive, Inc. $ORLY

Perennial Investment Advisors LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,537.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,517 shares of the specialty retailer’s stock after purchasing an additional 6,119 shares during the quarter. Perennial Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORLY. Geneos Wealth Management Inc. increased its stake in shares of O’Reilly Automotive by 1.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 8 shares during the period. Journey Strategic Wealth LLC lifted its stake in O’Reilly Automotive by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock valued at $317,000 after buying an additional 9 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of O’Reilly Automotive by 2.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 395 shares of the specialty retailer’s stock valued at $566,000 after acquiring an additional 9 shares during the last quarter. Hemington Wealth Management increased its stake in shares of O’Reilly Automotive by 4.5% in the 1st quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock valued at $296,000 after acquiring an additional 9 shares during the last quarter. Finally, Exencial Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 9 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI increased 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. Barclays set a $91.00 price target on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Morgan Stanley lifted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. 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. Finally, BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the transaction, the director owned 8,125 shares in the company, valued at approximately $752,375. This represents a 27.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $98.33 on Wednesday. The firm has a 50-day moving average of $101.06 and a 200-day moving average of $97.25. The company has a market cap of $83.00 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a one year low of $78.30 and a one year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the company posted $11.41 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.