Renaissance Group LLC Raises Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Renaissance Group LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,318.4% in the second quarter, HoldingsChannel.com reports. The fund owned 414,147 shares of the specialty retailer’s stock after acquiring an additional 384,948 shares during the quarter. O’Reilly Automotive comprises about 1.5% of Renaissance Group LLC’s portfolio, making the stock its 15th largest holding. Renaissance Group LLC’s holdings in O’Reilly Automotive were worth $37,327,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC raised its position in O’Reilly Automotive by 111.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 471 shares of the specialty retailer’s stock worth $675,000 after buying an additional 248 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of O’Reilly Automotive by 17.3% during the first quarter. Diversify Advisory Services LLC now owns 210 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 31 shares during the last quarter. Private Advisor Group LLC lifted its position in O’Reilly Automotive by 5.3% during the first quarter. Private Advisor Group LLC now owns 3,326 shares of the specialty retailer’s stock valued at $4,765,000 after purchasing an additional 168 shares during the period. IFP Advisors Inc boosted its holdings in O’Reilly Automotive by 14.9% in the first quarter. IFP Advisors Inc now owns 1,540 shares of the specialty retailer’s stock valued at $2,213,000 after purchasing an additional 200 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in O’Reilly Automotive during the 1st quarter worth about $231,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

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

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $98.33 on Wednesday. The stock 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, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71. The company has a fifty day moving average of $101.06 and a two-hundred day moving average of $97.25.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 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 in the previous year, the company earned $11.41 earnings per share. The company’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. Research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ORLY shares. BMO Capital Markets upped their target price on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Citigroup boosted their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Guggenheim raised their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Argus initiated coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. Finally, Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a report on Monday, October 27th. Nineteen 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

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.