Solidarity Wealth LLC Grows Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Solidarity Wealth LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 23.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,607 shares of the specialty retailer’s stock after purchasing an additional 1,607 shares during the quarter. O’Reilly Automotive comprises 2.7% of Solidarity Wealth LLC’s holdings, making the stock its 11th biggest position. Solidarity Wealth LLC’s holdings in O’Reilly Automotive were worth $9,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Valeo Financial Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 21.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,002 shares of the specialty retailer’s stock valued at $1,131,000 after acquiring an additional 174 shares during the last quarter. Lake Street Private Wealth LLC raised its holdings in O’Reilly Automotive by 76.0% in the 1st quarter. Lake Street Private Wealth LLC now owns 447 shares of the specialty retailer’s stock worth $505,000 after purchasing an additional 193 shares during the period. Norden Group LLC purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at approximately $5,771,000. First Trust Direct Indexing L.P. grew its position in shares of O’Reilly Automotive by 9.2% in the first quarter. First Trust Direct Indexing L.P. now owns 1,200 shares of the specialty retailer’s stock valued at $1,355,000 after purchasing an additional 101 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in O’Reilly Automotive by 1.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 4,640 shares of the specialty retailer’s stock worth $5,088,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,162.21 on Thursday. The firm has a market cap of $67.42 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.42 and a beta of 0.92. The firm has a 50 day simple moving average of $1,153.49 and a 200-day simple moving average of $1,083.96. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the prior year, the business earned $10.72 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Activity

In related news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 13,765 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,370 shares of company stock worth $18,333,966. 1.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ORLY shares. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

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.