Peak Asset Management LLC Acquires 26,967 Shares of O’Reilly Automotive, Inc. $ORLY

by · The Cerbat Gem

Peak Asset Management LLC lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,391.5% in the 2nd quarter, Holdings Channel reports. The firm owned 28,905 shares of the specialty retailer’s stock after acquiring an additional 26,967 shares during the period. Peak Asset Management LLC’s holdings in O’Reilly Automotive were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service increased its holdings in O’Reilly Automotive by 5.3% in the 1st quarter. National Pension Service now owns 133,963 shares of the specialty retailer’s stock worth $191,913,000 after buying an additional 6,797 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of O’Reilly Automotive by 1.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,029 shares of the specialty retailer’s stock worth $22,963,000 after acquiring an additional 200 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $24,927,000. Vestmark Advisory Solutions Inc. boosted its holdings in O’Reilly Automotive by 103.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 4,505 shares of the specialty retailer’s stock worth $6,454,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its position in O’Reilly Automotive by 4.1% in the 1st quarter. Oak Ridge Investments LLC now owns 13,795 shares of the specialty retailer’s stock worth $19,762,000 after purchasing an additional 549 shares during the period. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORLY. Baird R W raised O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a research note on Friday, October 24th. Robert W. Baird set a $115.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $112.05.

View Our Latest Stock Report on O’Reilly Automotive

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% 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 John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,980 shares of company stock worth $882,335. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $93.96 on Friday. The stock has a market capitalization of $79.31 billion, a P/E ratio of 32.55, a P/E/G ratio of 2.21 and a beta of 0.62. The company’s fifty day moving average price is $98.84 and its 200 day moving average price is $98.08. O’Reilly Automotive, Inc. has a 1 year low of $78.30 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

About O’Reilly Automotive

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report).