Xponance Inc. Increases Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Xponance Inc. grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,335 shares of the specialty retailer’s stock after acquiring an additional 60 shares during the quarter. Xponance Inc.’s holdings in O’Reilly Automotive were worth $15,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth about $36,000. Indiana Trust & Investment Management CO increased its stake in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the period. Riverview Trust Co purchased a new position in O’Reilly Automotive in the 1st quarter worth about $41,000. Crewe Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter worth about $43,000. Finally, Kings Path Partners LLC purchased a new position in O’Reilly Automotive in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ORLY. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America boosted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Truist Financial boosted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. DA Davidson boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

O’Reilly Automotive Stock Down 0.6 %

Shares of O’Reilly Automotive stock opened at $1,109.05 on Monday. The firm’s 50 day moving average price is $1,111.26 and its 200-day moving average price is $1,072.33. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a market cap of $64.34 billion, a P/E ratio of 28.15, a PEG ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $10.22 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% of the company’s stock.

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.