Truvestments Capital LLC Raises Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Truvestments Capital LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216 shares of the specialty retailer’s stock after acquiring an additional 17 shares during the quarter. Truvestments Capital LLC’s holdings in O’Reilly Automotive were worth $249,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its stake in O’Reilly Automotive by 5.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,944 shares of the specialty retailer’s stock valued at $2,195,000 after buying an additional 97 shares during the last quarter. Tidal Investments LLC increased its position in O’Reilly Automotive by 191.4% during the first quarter. Tidal Investments LLC now owns 6,566 shares of the specialty retailer’s stock valued at $7,427,000 after acquiring an additional 4,313 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in O’Reilly Automotive in the first quarter valued at about $853,000. Beacon Capital Management LLC boosted its position in O’Reilly Automotive by 76.3% in the first quarter. Beacon Capital Management LLC now owns 67 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 29 shares during the last quarter. Finally, Vista Investment Partners LLC grew its stake in shares of O’Reilly Automotive by 0.3% during the 1st quarter. Vista Investment Partners LLC now owns 4,596 shares of the specialty retailer’s stock valued at $5,188,000 after purchasing an additional 15 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $1,238.76 on Tuesday. The firm’s fifty day moving average is $1,181.53 and its two-hundred day moving average is $1,103.72. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The company has a market cap of $71.51 billion, a P/E ratio of 30.65, a P/E/G ratio of 2.49 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent research reports. Bank of America increased their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Truist Financial increased their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush reissued a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley boosted their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

About O’Reilly Automotive

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.