Ascent Group LLC Purchases 48,174 Shares of O’Reilly Automotive, Inc. $ORLY

Ascent Group LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,821.3% during the second quarter, HoldingsChannel.com reports. The fund owned 50,819 shares of the specialty retailer’s stock after acquiring an additional 48,174 shares during the quarter. Ascent Group LLC’s holdings in O’Reilly Automotive were worth $4,580,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive in the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at approximately $26,000. Oakworth Capital Inc. increased its position in shares of O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. HighMark Wealth Management LLC increased its position in shares of 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 purchasing an additional 280 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of 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 purchasing an additional 277 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $104.79 on Friday. The stock has a 50-day moving average of $103.61 and a two-hundred day 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 stock has a market cap of $88.91 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60.

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

Insider Transactions at O’Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last three months. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

ORLY has been the topic of several analyst reports. Barclays reissued an “equal weight” rating and set a $86.00 target price on shares of O’Reilly Automotive in a research report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Saturday, September 27th. BMO Capital Markets boosted their target price on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Truist Financial upped their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $107.17.

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.