Mattern Capital Management LLC Buys 5,606 Shares of O’Reilly Automotive, Inc. $ORLY

Mattern Capital Management LLC increased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,579.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,961 shares of the specialty retailer’s stock after buying an additional 5,606 shares during the quarter. Mattern Capital Management LLC’s holdings in O’Reilly Automotive were worth $537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Adero Partners LLC boosted its stake in shares of O’Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock worth $609,000 after purchasing an additional 8 shares during the period. Avior Wealth Management LLC lifted its stake in O’Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of O’Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after buying an additional 8 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of O’Reilly Automotive by 1.2% during the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 8 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of O’Reilly Automotive by 3.2% in the first quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer’s stock worth $417,000 after buying an additional 9 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $104.79 on Friday. The firm has a 50-day simple moving average of $103.61 and a 200-day simple moving average of $95.68. O’Reilly Automotive, Inc. has a one year low of $76.10 and a one year high of $108.71. The firm has a market cap of $88.91 billion, a P/E ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup upped their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Barclays reissued an “equal weight” rating and set a $86.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 25th. TD Cowen raised their price target 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. BMO Capital Markets boosted their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Evercore ISI upped their target price on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and a consensus price target of $107.17.

About O’Reilly Automotive

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.