GRIMES & Co WEALTH MANAGEMENT LLC Takes Position in O’Reilly Automotive, Inc. $ORLY

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 3rd quarter, Holdings Channel reports. The fund acquired 17,164 shares of the specialty retailer’s stock, valued at approximately $1,850,000.

A number of other hedge funds have also modified their holdings of ORLY. Oakworth Capital Inc. lifted its stake in O’Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC raised its holdings in shares of O’Reilly Automotive by 1,400.0% in 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 during the last quarter. Canton Hathaway LLC lifted its position in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. ORG Partners LLC lifted its position in shares of O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 277 shares in the last quarter. Finally, Nemes Rush Group LLC boosted its holdings in O’Reilly Automotive by 1,400.0% during the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 294 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Down 1.0%

Shares of NASDAQ ORLY opened at $94.63 on Wednesday. The company has a market capitalization of $79.88 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.03 and a beta of 0.63. O’Reilly Automotive, Inc. has a 12 month low of $79.70 and a 12 month high of $108.71. The stock has a 50 day moving average of $95.61 and a 200-day moving average of $98.54.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the firm posted $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. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 $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 SEC, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president owned 28 shares in the company, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,980 shares of company stock valued at $882,335. Company insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Morgan Stanley upped their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI set a $110.00 price target on O’Reilly Automotive and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and an average price target of $112.05.

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.