Ieq Capital LLC Increases Holdings in O’Reilly Automotive, Inc. $ORLY

Ieq Capital LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 104.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 6,089 shares of the specialty retailer’s stock after buying an additional 3,112 shares during the quarter. Ieq Capital LLC’s holdings in O’Reilly Automotive were worth $8,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $25,000. HWG Holdings LP purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $26,000. HighMark Wealth Management LLC raised its stake in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $30,000. Finally, Investment Management Corp VA ADV purchased a new stake in O’Reilly Automotive during the 4th quarter valued at $37,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Argus assumed coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Barclays reissued an “equal weight” rating and set a $86.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 25th. Finally, Guggenheim boosted their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $104.40.

Insider Buying and Selling

In related news, SVP Ramon Parises Odems sold 30,000 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares of the company’s stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,635 shares of company stock worth $15,461,816 in the last three months. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $104.05 on Thursday. The company has a market capitalization of $88.29 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.72 and a beta of 0.56. The company has a fifty day moving average of $96.38 and a 200 day moving average of $92.60. O’Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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 during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS 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.