Empowered Funds LLC Boosts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Empowered Funds LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the specialty retailer’s stock after buying an additional 103 shares during the quarter. Empowered Funds LLC’s holdings in O’Reilly Automotive were worth $5,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ORLY. Trifecta Capital Advisors LLC grew its stake in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth approximately $43,000. Kings Path Partners LLC acquired a new position in O’Reilly Automotive in the 2nd quarter worth approximately $44,000. Finally, ORG Partners LLC purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $48,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ORLY shares. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Evercore ISI raised their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

Insider Activity

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Stock Down 0.9 %

ORLY opened at $1,213.37 on Monday. The firm’s fifty day simple moving average is $1,170.83 and its two-hundred day simple moving average is $1,095.48. 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 $70.05 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.46 and a beta of 0.92.

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