O’Reilly Automotive, Inc. $ORLY Holdings Boosted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,464.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,987 shares of the specialty retailer’s stock after buying an additional 15,901 shares during the period. Resonant Capital Advisors LLC’s holdings in O’Reilly Automotive were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new stake in O’Reilly Automotive during the first quarter valued at $25,000. Oakworth Capital Inc. raised its position in shares of O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC raised its holdings in O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares during the period. ORG Partners LLC lifted its position in shares of O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 277 shares during the last quarter. Finally, Elequin Capital LP acquired a new position in shares of O’Reilly Automotive during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Wednesday, October 8th. DA Davidson raised their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Morgan Stanley boosted their price target on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada set a $110.00 target price on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.00.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 29,505 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares of the company’s stock, valued at $415,990.50. This represents a 87.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $97.27 on Friday. The firm’s 50 day moving average price is $103.58 and its two-hundred day moving average price is $96.67. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock has a market cap of $82.53 billion, a PE ratio of 33.70, a PEG ratio of 2.57 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the business posted $11.41 EPS. The firm’s quarterly 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, sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.