Focus Partners Wealth lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 34.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,529 shares of the specialty retailer’s stock after purchasing an additional 647 shares during the period. Focus Partners Wealth’s holdings in O’Reilly Automotive were worth $3,624,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Integrity Alliance LLC. increased its stake in shares of O’Reilly Automotive by 80.9% during the 1st quarter. Integrity Alliance LLC. now owns 416 shares of the specialty retailer’s stock worth $596,000 after purchasing an additional 186 shares during the last quarter. Glenview Trust co grew its stake in O’Reilly Automotive by 5.9% in the 1st quarter. Glenview Trust co now owns 8,275 shares of the specialty retailer’s stock valued at $11,855,000 after buying an additional 459 shares during the last quarter. SageView Advisory Group LLC grew its stake in O’Reilly Automotive by 5.1% in the 1st quarter. SageView Advisory Group LLC now owns 185 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 9 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in O’Reilly Automotive by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,415 shares of the specialty retailer’s stock valued at $724,047,000 after buying an additional 18,725 shares during the last quarter. Finally, Optimize Financial Inc grew its stake in O’Reilly Automotive by 13.0% in the 1st quarter. Optimize Financial Inc now owns 529 shares of the specialty retailer’s stock valued at $758,000 after buying an additional 61 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently commented on ORLY. Guggenheim upped their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. DA Davidson upped their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Evercore ISI upped their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $106.36.
Insider Activity
In related news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company’s stock.
O’Reilly Automotive Trading Down 1.1%
Shares of O’Reilly Automotive stock opened at $106.29 on Tuesday. The company has a 50 day moving average of $100.38 and a 200-day moving average of $94.20. O’Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The company has a market cap of $90.19 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm posted $10.55 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
O’Reilly Automotive 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.
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