O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Boosted by Macquarie Group Ltd.

Posted by Defense World Staff on Mar 7th, 2023

Macquarie Group Ltd. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 34.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,434 shares of the specialty retailer’s stock after purchasing an additional 2,645 shares during the quarter. Macquarie Group Ltd.’s holdings in O’Reilly Automotive were worth $7,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORLY. Riverview Trust Co raised its holdings in O’Reilly Automotive by 56.5% during the 3rd quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock worth $25,000 after buying an additional 13 shares during the period. Grayhawk Investment Strategies Inc. acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at $28,000. Northern Oak Wealth Management Inc. bought a new stake in O’Reilly Automotive in the second quarter worth $40,000. New Millennium Group LLC acquired a new position in O’Reilly Automotive during the second quarter worth $46,000. Finally, Central Bank & Trust Co. bought a new position in O’Reilly Automotive during the third quarter valued at about $55,000. 90.50% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 0.2 %

NASDAQ ORLY opened at $839.44 on Tuesday. O’Reilly Automotive, Inc. has a 1-year low of $562.90 and a 1-year high of $873.94. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.77 and a beta of 0.88. The stock’s 50 day moving average is $825.19 and its two-hundred day moving average is $790.60.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The specialty retailer reported $8.37 EPS for the quarter, beating the consensus estimate of $7.71 by $0.66. O’Reilly Automotive had a negative return on equity of 234.76% and a net margin of 15.08%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $7.64 EPS. O’Reilly Automotive’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that O’Reilly Automotive, Inc. will post 36.57 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffrey Alan Lauro sold 500 shares of O’Reilly Automotive stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $834.31, for a total transaction of $417,155.00. Following the completion of the transaction, the senior vice president now directly owns 768 shares of the company’s stock, valued at approximately $640,750.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORLY. Truist Financial increased their price objective on O’Reilly Automotive from $892.00 to $921.00 and gave the company a “buy” rating in a report on Friday, February 10th. Roth Capital restated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, February 8th. Morgan Stanley raised their price target on O’Reilly Automotive from $780.00 to $830.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 17th. Wedbush reissued a “neutral” rating and set a $820.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, February 9th. Finally, Stephens reaffirmed an “overweight” rating and issued a $900.00 target price on shares of O’Reilly Automotive in a report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $859.60.

O’Reilly Automotive Profile

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.