Louisbourg Investments Inc. Increases Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Louisbourg Investments Inc. lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,987.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,440 shares of the specialty retailer’s stock after purchasing an additional 1,371 shares during the quarter. Louisbourg Investments Inc.’s holdings in O’Reilly Automotive were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of O’Reilly Automotive in the second quarter valued at about $166,000. Inspire Investing LLC grew its holdings in shares of O’Reilly Automotive by 1,617.3% in the second quarter. Inspire Investing LLC now owns 34,467 shares of the specialty retailer’s stock valued at $3,107,000 after purchasing an additional 32,460 shares during the period. Eastern Bank grew its holdings in shares of O’Reilly Automotive by 1,272.0% in the second quarter. Eastern Bank now owns 230,978 shares of the specialty retailer’s stock valued at $20,818,000 after purchasing an additional 214,143 shares during the period. Aberdeen Group plc grew its holdings in shares of O’Reilly Automotive by 1,647.3% in the second quarter. Aberdeen Group plc now owns 878,445 shares of the specialty retailer’s stock valued at $78,419,000 after purchasing an additional 828,171 shares during the period. Finally, Acima Private Wealth LLC boosted its stake in O’Reilly Automotive by 1,400.0% during the second quarter. Acima Private Wealth LLC now owns 420 shares of the specialty retailer’s stock worth $38,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORLY shares. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. TD Cowen increased their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. DA Davidson increased their target price on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Argus started coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $107.17.

Insider Activity

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 in the last ninety days. 1.01% of the stock is owned by insiders.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $102.15 on Friday. The stock has a market capitalization of $86.67 billion, a PE ratio of 36.52, a P/E/G ratio of 2.64 and a beta of 0.60. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The company’s 50-day simple moving average is $103.90 and its 200-day simple moving average is $96.07.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, 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.