Alpha Omega Wealth Management LLC Acquires 4,844 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Alpha Omega Wealth Management LLC significantly boosted its stake in O'Reilly Automotive by acquiring an additional 4,844 shares, marking a 1,400.0% increase in its holdings to a total of 5,190 shares worth approximately $468,000.
• Institutional investors collectively own 85.00% of O'Reilly Automotive's stock, with notable increases in holdings from firms like Vanguard Group and GAMMA Investing LLC.
• Recent analyst reports show a positive outlook for O'Reilly Automotive, with multiple firms raising their price targets, including UBS which increased its target from $105.00 to $115.00 and gave a "buy" rating.

Alpha Omega Wealth Management LLC increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,190 shares of the specialty retailer's stock after purchasing an additional 4,844 shares during the quarter. Alpha Omega Wealth Management LLC's holdings in O'Reilly Automotive were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares during the period. Wellington Management Group LLP lifted its holdings in O'Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after buying an additional 330,964 shares during the period. GAMMA Investing LLC lifted its holdings in O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares during the period. Farther Finance Advisors LLC lifted its holdings in O'Reilly Automotive by 1,403.1% in the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock valued at $69,031,000 after buying an additional 714,953 shares during the period. Finally, Amundi lifted its holdings in O'Reilly Automotive by 4.7% in the first quarter. Amundi now owns 734,322 shares of the specialty retailer's stock valued at $1,058,345,000 after buying an additional 32,917 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 Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the 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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last quarter. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price on the stock. Citigroup boosted their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Stock Performance

Shares of ORLY stock opened at $103.45 on Tuesday. O'Reilly Automotive, Inc. has a 52-week low of $73.33 and a 52-week high of $108.42. The company has a 50-day simple moving average of $101.58 and a two-hundred day simple moving average of $94.71. The company has a market capitalization of $87.78 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm posted $10.55 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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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