Palisade Capital Management LP Buys Shares of 111,072 O’Reilly Automotive, Inc. $ORLY

Palisade Capital Management LP purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 111,072 shares of the specialty retailer’s stock, valued at approximately $10,229,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $5,950,042,000. Norges Bank acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $1,134,311,000. Bank of New York Mellon Corp bought a new position in O’Reilly Automotive during the 2nd quarter worth approximately $1,023,936,000. Akre Capital Management LLC grew its holdings in O’Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock valued at $848,188,000 after purchasing an additional 8,546,804 shares during the period. Finally, Legal & General Group Plc bought a new stake in O’Reilly Automotive in the second quarter valued at approximately $439,123,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the senior vice president directly owned 189 shares of the company’s stock, valued at approximately $17,577. The trade was a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total transaction of $183,700.00. Following the completion of the transaction, the director directly owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,200 shares of company stock worth $568,684 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ORLY shares. Truist Financial set a $108.00 target price on shares of O’Reilly Automotive in a report on Thursday, April 30th. Wolfe Research set a $98.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and set a $115.00 price objective on shares of O’Reilly Automotive in a research note on Friday, May 1st. DA Davidson set a $106.00 price objective on O’Reilly Automotive in a research note on Friday, July 31st. Finally, Citigroup reiterated a “buy” rating and set a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.24.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $90.32 on Wednesday. The company has a market capitalization of $73.07 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51. The company’s 50 day moving average price is $88.92 and its two-hundred day moving average price is $90.93. O’Reilly Automotive, Inc. has a 52 week low of $82.59 and a 52 week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. O’Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 3.27 earnings per share for the current year.

O’Reilly Automotive 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.