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

Procyon Advisors LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,638 shares of the specialty retailer’s stock after purchasing an additional 6,729 shares during the period. Procyon Advisors LLC’s holdings in O’Reilly Automotive were worth $4,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of O’Reilly Automotive by 1,404.9% during the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after buying an additional 73,596,571 shares during the period. State Street Corp raised its holdings in O’Reilly Automotive by 1,424.2% in the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after acquiring an additional 34,740,553 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after purchasing an additional 22,144,563 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of O’Reilly Automotive by 1,317.8% during the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after purchasing an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of O’Reilly Automotive by 1,820.9% in the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares in the company, valued at approximately $485,190. This trade represents a 42.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,980 shares of company stock worth $882,335 in the last quarter. 1.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ORLY. Wells Fargo & Company set a $115.00 target price on O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Robert W. Baird set a $115.00 price objective on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a report on Friday, October 24th. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research note on Monday, October 20th. Finally, Morgan Stanley raised their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $112.05.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $95.02 on Thursday. The business’s 50-day simple moving average is $95.61 and its 200 day simple moving average is $98.52. The company has a market cap of $80.21 billion, a P/E ratio of 32.92, a PEG ratio of 2.01 and a beta of 0.63. O’Reilly Automotive, Inc. has a one year low of $79.70 and a one year high of $108.71.

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 net margin of 14.23% and a negative return on equity of 206.86%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter last year, the firm posted $11.41 earnings per share. The business’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. 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 is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.