O’Reilly Automotive, Inc. $ORLY Shares Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,404.4% during the second quarter, Holdings Channel reports. The fund owned 7,447 shares of the specialty retailer’s stock after buying an additional 6,952 shares during the quarter. Bridgewater Advisors Inc.’s holdings in O’Reilly Automotive were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in O’Reilly Automotive during the first quarter valued at $25,000. Oakworth Capital Inc. grew its position in O’Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC grew its position in O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 280 shares during the period. Canton Hathaway LLC grew its position in O’Reilly Automotive by 1,400.0% during the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 280 shares during the period. Finally, ORG Partners LLC grew its position in O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 2.9%

ORLY opened at $91.70 on Tuesday. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.48 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52-week low of $76.75 and a 52-week high of $108.71. The firm’s fifty day simple moving average is $102.62 and its two-hundred day simple moving average is $96.86.

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

Wall Street Analyst Weigh In

Several research firms recently commented on ORLY. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research report on Monday, October 27th. BMO Capital Markets raised their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Wolfe Research began coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target on the stock. Finally, 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 research report on Friday, July 25th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.28.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,080 shares of company stock valued at $9,341,746 over the last ninety days. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive 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.