Federated Hermes Inc. Has $77.44 Million Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Federated Hermes Inc. lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,053 shares of the specialty retailer’s stock after selling 749 shares during the quarter. Federated Hermes Inc. owned about 0.09% of O’Reilly Automotive worth $77,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORLY. Carolinas Wealth Consulting LLC raised its stake in O’Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 8 shares in the last quarter. Marcum Wealth LLC raised its stake in O’Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 8 shares in the last quarter. Adero Partners LLC raised its stake in O’Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after purchasing an additional 8 shares in the last quarter. Avior Wealth Management LLC raised its stake in O’Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock valued at $342,000 after purchasing an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in O’Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, SVP Najera Jose A. Montellano sold 285 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Raymond Murphy sold 3,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director owned 4,560 shares in the company, valued at approximately $419,216. This trade represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,285 shares of company stock worth $3,022,386. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ORLY shares. Wall Street Zen raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Morgan Stanley reissued an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Truist Financial boosted their target price on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Mizuho boosted their target price on O’Reilly Automotive from $93.33 to $96.33 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $102.22.

O’Reilly Automotive Trading Up 1.6%

NASDAQ:ORLY opened at $98.90 on Wednesday. The stock has a market cap of $84.54 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The stock’s 50-day moving average is $91.52 and its 200-day moving average is $90.07. O’Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $100.10.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $10.55 earnings per share. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.