Kayne Anderson Rudnick Investment Management LLC Has $63.63 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Kayne Anderson Rudnick Investment Management LLC grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 278.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,253 shares of the specialty retailer’s stock after buying an additional 44,347 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.10% of O’Reilly Automotive worth $63,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Westwood Holdings Group Inc. raised its position in O’Reilly Automotive by 5.5% during the second quarter. Westwood Holdings Group Inc. now owns 81,373 shares of the specialty retailer’s stock valued at $85,935,000 after purchasing an additional 4,278 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of O’Reilly Automotive by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 30,811 shares of the specialty retailer’s stock valued at $32,539,000 after purchasing an additional 172 shares during the last quarter. Sei Investments Co. raised its holdings in shares of O’Reilly Automotive by 1.7% during the 2nd quarter. Sei Investments Co. now owns 116,586 shares of the specialty retailer’s stock worth $123,125,000 after buying an additional 1,917 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of O’Reilly Automotive by 7.0% during the 2nd quarter. AE Wealth Management LLC now owns 960 shares of the specialty retailer’s stock worth $1,014,000 after buying an additional 63 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of O’Reilly Automotive by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 147,721 shares of the specialty retailer’s stock worth $156,002,000 after buying an additional 1,751 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,109.05 on Friday. The stock has a market capitalization of $64.34 billion, a PE ratio of 28.15, a PEG ratio of 2.15 and a beta of 0.92. The business’s 50 day simple moving average is $1,111.26 and its 200 day simple moving average is $1,072.40. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results 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). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm posted $10.22 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on 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. Truist Financial lifted 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. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. DA Davidson boosted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America upped their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,144.06.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by insiders.

O’Reilly Automotive 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.