Reliant Investment Partners LLC Buys 3,673 Shares of O’Reilly Automotive, Inc. $ORLY

Reliant Investment Partners LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,517.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,915 shares of the specialty retailer’s stock after acquiring an additional 3,673 shares during the quarter. Reliant Investment Partners LLC’s holdings in O’Reilly Automotive were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ORLY. Bank of Jackson Hole Trust purchased a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $25,000. Oakworth Capital Inc. increased its stake in shares of O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC raised its holdings in O’Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 280 shares during the last quarter. ORG Partners LLC raised its holdings in O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 277 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $30,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company’s stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,080 shares of company stock valued at $9,341,746 in the last three months. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Performance

ORLY stock opened at $95.79 on Tuesday. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The business’s 50 day moving average price is $103.47 and its two-hundred day moving average price is $96.76.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. The Goldman Sachs Group set a $121.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada set a $110.00 price target on O’Reilly Automotive and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $112.28.

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.