O’Reilly Automotive, Inc. $ORLY Shares Acquired by Burney Co.

Burney Co. grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,416.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,409 shares of the specialty retailer’s stock after purchasing an additional 52,690 shares during the quarter. Burney Co.’s holdings in O’Reilly Automotive were worth $5,084,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mutual Advisors LLC raised its stake in O’Reilly Automotive by 19.1% during the first quarter. Mutual Advisors LLC now owns 424 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 68 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in O’Reilly Automotive during the first quarter worth about $288,000. World Investment Advisors raised its stake in O’Reilly Automotive by 40.0% during the first quarter. World Investment Advisors now owns 924 shares of the specialty retailer’s stock worth $1,324,000 after acquiring an additional 264 shares during the period. Penserra Capital Management LLC raised its stake in O’Reilly Automotive by 110.3% during the first quarter. Penserra Capital Management LLC now owns 881 shares of the specialty retailer’s stock worth $1,260,000 after acquiring an additional 462 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in O’Reilly Automotive by 4.7% during the first quarter. Envestnet Asset Management Inc. now owns 258,986 shares of the specialty retailer’s stock worth $371,018,000 after acquiring an additional 11,666 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 2.9%

Shares of NASDAQ:ORLY opened at $91.70 on Tuesday. The firm’s 50 day moving average is $102.62 and its two-hundred day moving average is $96.86. O’Reilly Automotive, Inc. has a 52 week low of $76.75 and a 52 week high of $108.71. The firm has a market capitalization of $77.81 billion, a P/E ratio of 31.77, a PEG ratio of 2.48 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter last year, the business earned $11.41 earnings per share. O’Reilly Automotive’s revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORLY shares. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research note on Monday, October 20th. Argus started coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective on the stock. Barclays set a $91.00 price objective on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Citigroup increased their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research note on Friday, October 24th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $112.28.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 91,080 shares of company stock worth $9,341,746 over the last three months. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Company 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.