Ameriprise Financial Inc. Sells 77,219 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Ameriprise Financial Inc. has reduced its holdings in O'Reilly Automotive by 26.5%, selling 77,219 shares during the first quarter, bringing its total shares owned to 213,759.
• O'Reilly Automotive reported a net margin of 14.15% and $4.53 billion in revenue for the quarter, meeting analysts' estimates for earnings per share at $0.78.
• Analysts have positive outlooks for O'Reilly Automotive, with two Strong Buy ratings and an average price target of $104.40 for the stock.

Ameriprise Financial Inc. trimmed its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,759 shares of the specialty retailer's stock after selling 77,219 shares during the period. Ameriprise Financial Inc. owned approximately 0.37% of O'Reilly Automotive worth $306,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $25,000. HighMark Wealth Management LLC increased its holdings in O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Accredited Wealth Management LLC acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $42,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm'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 value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the transaction, the senior vice president directly owned 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,635 shares of company stock valued at $15,461,816 over the last three months. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORLY. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim increased their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Evercore ISI increased their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Truist Financial upped their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Barclays reissued an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $104.40.

O'Reilly Automotive Trading Down 0.2%

ORLY traded down $0.21 during trading on Thursday, hitting $103.84. The stock had a trading volume of 740,420 shares, compared to its average volume of 5,546,330. The firm has a market cap of $88.11 billion, a PE ratio of 37.10, a P/E/G ratio of 2.72 and a beta of 0.56. O'Reilly Automotive, Inc. has a 12 month low of $73.11 and a 12 month high of $104.86. The company has a 50 day simple moving average of $96.38 and a 200-day simple moving average of $92.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the firm earned $10.55 earnings per share. O'Reilly Automotive's 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. As a group, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.