Pinnacle Wealth Planning Services Inc. Has $538,000 Holdings in O’Reilly Automotive, Inc. $ORLY

Pinnacle Wealth Planning Services Inc. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,849.0% in the second quarter, Holdings Channel reports. The fund owned 5,964 shares of the specialty retailer’s stock after acquiring an additional 5,658 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in O’Reilly Automotive were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after purchasing an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp increased its stake in O’Reilly Automotive by 1,317.8% during the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares during the period. Jennison Associates LLC raised its holdings in O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after acquiring an additional 13,382,074 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in O’Reilly Automotive by 1,467.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock valued at $824,934,000 after acquiring an additional 8,568,904 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after acquiring an additional 75,125 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORLY. Argus started coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective on the stock. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target on the stock. Guggenheim increased 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 note on Friday, July 25th. BMO Capital Markets raised their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada set a $110.00 target price on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research note on Friday, October 24th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares in the company, valued at approximately $752,375. The trade was a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $98.33 on Wednesday. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The company’s fifty day moving average is $101.06 and its 200-day moving average is $97.25. The company has a market capitalization of $83.00 billion, a PE ratio of 34.06, a P/E/G ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the company posted $11.41 EPS. The firm’s revenue for the quarter 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. On average, 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.