O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Renaissance Technologies LLC

Jul 29, 2023

Renaissance Technologies LLC boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Rating) by 376.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,994 shares of the specialty retailer's stock after acquiring an additional 206,994 shares during the quarter. Renaissance Technologies LLC owned 0.42% of O'Reilly Automotive worth $221,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of O'Reilly Automotive by 3.2% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 423 shares of the specialty retailer's stock valued at $357,000 after acquiring an additional 13 shares during the period. Sanford Advisory Services LLC grew its stake in shares of O'Reilly Automotive by 2.3% during the 3rd quarter. Sanford Advisory Services LLC now owns 679 shares of the specialty retailer's stock worth $478,000 after purchasing an additional 15 shares during the period. Dohj LLC grew its stake in shares of O'Reilly Automotive by 3.3% during the 3rd quarter. Dohj LLC now owns 463 shares of the specialty retailer's stock worth $326,000 after purchasing an additional 15 shares during the period. Brinker Capital Investments LLC grew its stake in shares of O'Reilly Automotive by 2.1% during the 4th quarter. Brinker Capital Investments LLC now owns 786 shares of the specialty retailer's stock worth $663,000 after purchasing an additional 16 shares during the period. Finally, Monument Capital Management grew its stake in shares of O'Reilly Automotive by 3.5% during the 4th quarter. Monument Capital Management now owns 507 shares of the specialty retailer's stock worth $428,000 after purchasing an additional 17 shares during the period. 90.50% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Barclays raised their price objective on O'Reilly Automotive from $815.00 to $868.00 in a research note on Monday, May 1st. Evercore ISI boosted their price objective on shares of O'Reilly Automotive from $945.00 to $950.00 in a research report on Tuesday, April 25th. Truist Financial raised their target price on shares of O'Reilly Automotive from $921.00 to $992.00 in a report on Friday, April 28th. Wells Fargo & Company upped their price target on shares of O'Reilly Automotive from $925.00 to $985.00 and gave the company an "overweight" rating in a report on Monday, April 17th. Finally, Roth Mkm raised their price objective on shares of O'Reilly Automotive from $940.00 to $995.00 and gave the stock a "buy" rating in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $933.38.

In other O'Reilly Automotive news, SVP Jeffrey Alan Lauro sold 49 shares of O'Reilly Automotive stock in a transaction on Friday, May 12th. The stock was sold at an average price of $960.00, for a total transaction of $47,040.00. Following the sale, the senior vice president now owns 776 shares of the company's stock, valued at approximately $744,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman David E. Oreilly sold 5,000 shares of the firm's stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $925.55, for a total transaction of $4,627,750.00. Following the completion of the sale, the chairman now directly owns 56,757 shares of the company's stock, valued at approximately $52,531,441.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 49 shares of the firm's stock in a transaction on Friday, May 12th. The stock was sold at an average price of $960.00, for a total value of $47,040.00. Following the completion of the sale, the senior vice president now directly owns 776 shares of the company's stock, valued at approximately $744,960. The disclosure for this sale can be found here. Insiders have sold a total of 45,183 shares of company stock worth $42,243,407 in the last ninety days. 1.55% of the stock is owned by insiders.

Shares of ORLY stock traded up $2.92 during mid-day trading on Friday, reaching $898.20. 241,603 shares of the company were exchanged, compared to its average volume of 440,247. O'Reilly Automotive, Inc. has a fifty-two week low of $580.01 and a fifty-two week high of $964.58. The company has a market capitalization of $54.68 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.88 and a beta of 0.88. The business's 50 day simple moving average is $903.65 and its 200 day simple moving average is $853.98.

O'Reilly Automotive (NASDAQ:ORLY - Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share for the quarter, beating analysts' consensus estimates of $8.00 by $0.28. O'Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm earned $7.17 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts forecast that O'Reilly Automotive, Inc. will post 37.13 EPS for the current year.

O'Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.

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