O’Reilly Automotive, Inc. $ORLY Shares Sold by Eastern Bank

Eastern Bank trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 16.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,416 shares of the specialty retailer’s stock after selling 37,562 shares during the quarter. Eastern Bank’s holdings in O’Reilly Automotive were worth $20,852,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Coastline Trust Co increased its holdings in shares of O’Reilly Automotive by 4.0% in the third quarter. Coastline Trust Co now owns 2,622 shares of the specialty retailer’s stock valued at $283,000 after purchasing an additional 102 shares during the period. IAM Advisory LLC lifted its stake in shares of O’Reilly Automotive by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 7,312 shares of the specialty retailer’s stock worth $788,000 after acquiring an additional 114 shares during the period. Abound Wealth Management boosted its holdings in shares of O’Reilly Automotive by 9.6% in the third quarter. Abound Wealth Management now owns 1,375 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 121 shares in the last quarter. Optas LLC increased its stake in shares of O’Reilly Automotive by 3.6% during the third quarter. Optas LLC now owns 3,735 shares of the specialty retailer’s stock worth $403,000 after acquiring an additional 129 shares during the period. Finally, Hemington Wealth Management increased its stake in shares of O’Reilly Automotive by 4.2% during the third quarter. Hemington Wealth Management now owns 3,271 shares of the specialty retailer’s stock worth $352,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,980 shares of company stock worth $882,335 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORLY has been the topic of a number of recent analyst reports. Robert W. Baird set a $115.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 24th. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, November 5th. Evercore ISI set a $110.00 price target on O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $112.05.

O’Reilly Automotive Trading Down 1.0%

Shares of NASDAQ ORLY opened at $94.63 on Wednesday. O’Reilly Automotive, Inc. has a twelve month low of $79.70 and a twelve month high of $108.71. The business has a 50 day simple moving average of $95.61 and a 200-day simple moving average of $98.54. The company has a market capitalization of $79.88 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.03 and a beta of 0.63.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.