Meridian Wealth Advisors LLC Has $6.58 Million Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Meridian Wealth Advisors LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,430.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 72,960 shares of the specialty retailer’s stock after purchasing an additional 68,193 shares during the quarter. O’Reilly Automotive accounts for approximately 1.0% of Meridian Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Meridian Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $6,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in O’Reilly Automotive in the first quarter valued at about $25,000. Oakworth Capital Inc. raised its stake in shares of O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Canton Hathaway LLC boosted its holdings in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its position in O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ORLY shares. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a research report on Friday, October 24th. Morgan Stanley lifted their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. TD Cowen upped their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Argus initiated coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.89.

O’Reilly Automotive Trading Up 1.4%

Shares of NASDAQ:ORLY opened at $100.43 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The stock has a market capitalization of $84.77 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.48 and a beta of 0.57. The business has a 50-day moving average price of $100.62 and a two-hundred day moving average price of $97.33.

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

Insider Buying and Selling

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

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.