Factory Mutual Insurance Co. Makes New Investment in O'Reilly Automotive, Inc. (NASDAQ:ORLY) (2024)

Factory Mutual Insurance Co. bought a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 5,000 shares of the specialty retailer's stock, valued at approximately $5,644,000.

Other hedge funds also recently made changes to their positions in the company. Paralel Advisors LLC raised its stake in O'Reilly Automotive by 1.2% in the 3rd quarter. Paralel Advisors LLC now owns 2,253 shares of the specialty retailer's stock valued at $2,048,000 after acquiring an additional 26 shares during the period. LPL Financial LLC raised its stake in O'Reilly Automotive by 10.8% in the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer's stock valued at $31,579,000 after acquiring an additional 3,385 shares during the period. Mariner LLC raised its stake in O'Reilly Automotive by 8.9% in the 3rd quarter. Mariner LLC now owns 9,530 shares of the specialty retailer's stock valued at $8,661,000 after acquiring an additional 776 shares during the period. Stifel Financial Corp raised its stake in O'Reilly Automotive by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 34,193 shares of the specialty retailer's stock valued at $31,077,000 after acquiring an additional 2,825 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its stake in O'Reilly Automotive by 45.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 237 shares of the specialty retailer's stock valued at $215,000 after acquiring an additional 74 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho assumed coverage on O'Reilly Automotive in a research report on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 price target on the stock. Wells Fargo & Company decreased their price target on 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. UBS Group upped their price target on O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. StockNews.com lowered O'Reilly Automotive from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. Finally, Wedbush reissued a "neutral" rating and set a $1,100.00 price objective on shares of O'Reilly Automotive in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,123.64.

View Our Latest Stock Report on ORLY

Insiders Place Their Bets

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company's stock, valued at $726,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm's stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.55% of the company's stock.

O'Reilly Automotive Stock Down 0.7 %

Shares of NASDAQ ORLY traded down $6.94 during trading on Wednesday, reaching $1,050.85. The company had a trading volume of 397,848 shares, compared to its average volume of 398,311. O'Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The stock has a market cap of $61.88 billion, a PE ratio of 26.67, a P/E/G ratio of 1.94 and a beta of 0.89. The business's 50-day moving average is $1,019.46 and its 200 day moving average is $1,032.55.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.99 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that O'Reilly Automotive, Inc. will post 41.93 earnings per share 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

• Five stocks we like better than O'Reilly Automotive
• Utilities Stocks Explained – How and Why to Invest in Utilities
• Stock Impact: McDonald's Price War with Starbucks, Wendy's
• Pros And Cons Of Monthly Dividend Stocks
• General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
• Insider Selling Explained: Can it Inform Your Investing Choices?
• Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs

Should you invest $1,000 in O'Reilly Automotive right now?

Before you consider O'Reilly Automotive, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O'Reilly Automotive wasn't on the list.

While O'Reilly Automotive currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here