NewEdge Wealth LLC Buys Shares of 53,378 O’Reilly Automotive, Inc. $ORLY

NewEdge Wealth LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 53,378 shares of the specialty retailer’s stock, valued at approximately $4,916,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in shares of O’Reilly Automotive during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in O’Reilly Automotive in the fourth quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new position in O’Reilly Automotive in the second quarter worth approximately $28,000. Whipplewood Advisors LLC increased its holdings in O’Reilly Automotive by 1,552.6% in the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock worth $29,000 after buying an additional 295 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in O’Reilly Automotive during the second quarter valued at approximately $29,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

ORLY stock opened at $91.20 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The company has a 50-day moving average of $88.97 and a two-hundred day moving average of $91.15. The stock has a market capitalization of $73.78 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51.

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

Insider Activity at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the completion of the sale, the senior vice president directly owned 189 shares of the company’s stock, valued at approximately $17,577. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Hendrickson sold 1,200 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the sale, the director owned 19,675 shares in the company, valued at approximately $1,737,696. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,200 shares of company stock worth $568,684 in the last 90 days. 0.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on ORLY. Weiss Ratings raised shares of O’Reilly Automotive from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. UBS Group restated a “buy” rating on shares of O’Reilly Automotive in a report on Friday, July 31st. DA Davidson set a $106.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 31st. Truist Financial set a $108.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.24.

About O’Reilly Automotive

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.