NBC Securities Inc. Buys 19,467 Shares of O’Reilly Automotive, Inc. $ORLY

NBC Securities Inc. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,388.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,869 shares of the specialty retailer’s stock after purchasing an additional 19,467 shares during the quarter. NBC Securities Inc.’s holdings in O’Reilly Automotive were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ORLY. HWG Holdings LP bought a new position in shares of O’Reilly Automotive in the first quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $25,000. HighMark Wealth Management LLC increased its position in shares of O’Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank bought a new position in O’Reilly Automotive in the 1st quarter valued at approximately $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 595 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company’s stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their position. 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 three months. Insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of several research analyst reports. Citigroup raised their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Truist Financial raised their target price on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday. Barclays reissued an “equal weight” rating and set a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Finally, BMO Capital Markets lifted their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $106.36.

O’Reilly Automotive Trading Down 1.1%

NASDAQ:ORLY opened at $106.29 on Tuesday. The stock has a 50-day moving average price of $100.38 and a 200 day moving average price of $94.20. The stock has a market capitalization of $90.19 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.84 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the firm earned $10.55 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research 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.