Brant Point Investment Management LLC Purchases 138,401 Shares of O’Reilly Automotive, Inc. $ORLY

Brant Point Investment Management LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,244.7% in the second quarter, HoldingsChannel.com reports. The fund owned 149,520 shares of the specialty retailer’s stock after buying an additional 138,401 shares during the period. O’Reilly Automotive comprises approximately 1.4% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Brant Point Investment Management LLC’s holdings in O’Reilly Automotive were worth $13,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after purchasing an additional 73,596,571 shares during the last quarter. Geode Capital Management LLC boosted its position in O’Reilly Automotive by 1,443.1% in the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after buying an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in O’Reilly Automotive by 1,317.8% in the 2nd 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 buying an additional 16,406,181 shares during the period. Jennison Associates LLC raised its position in O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after buying an additional 13,382,074 shares during the last quarter. Finally, Norges Bank purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $974,515,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY opened at $98.89 on Monday. The company has a fifty day moving average of $99.76 and a two-hundred day moving average of $98.07. The stock has a market capitalization of $83.47 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.33 and a beta of 0.61. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 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 firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period last year, the firm earned $11.41 EPS. The company’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. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on ORLY shares. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a report on Monday, October 20th. Robert W. Baird set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research report on Wednesday. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Wednesday, November 5th. TD Cowen lifted their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Argus initiated coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $112.05.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president owned 4,792 shares in the company, valued at $485,190. This trade represents a 42.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,980 shares of company stock valued at $882,335. Company insiders own 1.01% of the company’s stock.

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.