O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 22.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 629 shares of the specialty retailer’s stock after acquiring an additional 116 shares during the quarter. GAMMA Investing LLC’s holdings in O’Reilly Automotive were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new position in O’Reilly Automotive in the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO boosted 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 purchasing an additional 26 shares during the period. Riverview Trust Co acquired a new position in O’Reilly Automotive in the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Royal Bank of Canada dropped their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, DA Davidson lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,130.67.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares in the company, valued at $296,800. The disclosure for this sale can be found here. Insiders sold a total of 35,541 shares of company stock valued at $39,936,345 over the last three months. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded down $33.28 during trading hours on Monday, reaching $1,103.74. 248,979 shares of the company were exchanged, compared to its average volume of 398,174. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock’s fifty day moving average is $1,035.57 and its two-hundred day moving average is $1,053.53. The company has a market cap of $65.00 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $10.22 earnings per share. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current year.

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.