Laidlaw Wealth Management LLC Makes New Investment in O’Reilly Automotive, Inc. $ORLY

Laidlaw Wealth Management LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,385 shares of the specialty retailer’s stock, valued at approximately $215,000.

A number of other hedge funds also recently made changes to their positions in the stock. Oxbow Advisors LLC boosted its position in O’Reilly Automotive by 785.7% during the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares during the period. Providence First Trust Co increased its position in O’Reilly Automotive by 1,433.6% in the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after acquiring an additional 6,408 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of O’Reilly Automotive by 1,431.9% during the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after acquiring an additional 38,718 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after purchasing an additional 75,125 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 1,063.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock worth $9,724,000 after purchasing an additional 98,616 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $101.51 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $78.30 and a 1 year high of $108.71. The business’s 50-day moving average is $100.29 and its 200-day moving average is $97.59. The company has a market capitalization of $85.68 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the firm posted $11.41 earnings per share. The firm’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. Analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ORLY shares. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. Morgan Stanley raised their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Wednesday, November 5th. Finally, Barclays set a $91.00 target price on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Nineteen 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, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $111.89.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director owned 8,125 shares in the company, valued at $752,375. The trade was a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.01% of the stock is owned by corporate insiders.

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.