Provident Investment Management Inc. Purchases 357,853 Shares of O’Reilly Automotive, Inc. $ORLY

Provident Investment Management Inc. raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,384.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 383,699 shares of the specialty retailer’s stock after purchasing an additional 357,853 shares during the quarter. O’Reilly Automotive comprises about 3.0% of Provident Investment Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Provident Investment Management Inc.’s holdings in O’Reilly Automotive were worth $34,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. grew its holdings 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 purchasing an additional 264 shares in the last quarter. HighMark Wealth Management LLC raised its stake 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 purchasing an additional 280 shares in the last quarter. Canton Hathaway LLC lifted 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 purchasing an additional 280 shares during the last quarter. ORG Partners LLC grew its stake in shares of O’Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after buying an additional 277 shares in the last quarter. Finally, Nemes Rush Group LLC grew its stake in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after buying an additional 294 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the transaction, the director directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president directly owned 28 shares in the company, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,980 shares of company stock worth $882,335. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ORLY shares. Morgan Stanley increased their price target on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Wells Fargo & Company set a $115.00 price objective on O’Reilly Automotive and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Truist Financial set a $109.00 target price on O’Reilly Automotive in a report on Friday, October 24th. Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Finally, Barclays set a $91.00 price target on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $94.11 on Friday. 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 market cap of $79.44 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.22 and a beta of 0.62. The business’s 50 day moving average price is $98.63 and its 200-day moving average price is $98.15.

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 analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company 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 business earned $11.41 EPS. 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. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.