Annex Advisory Services LLC Has $39.02 Million Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Annex Advisory Services reduced its O'Reilly Automotive stake by 2.6% in the second quarter, selling 11,268 shares. It still held 423,658 shares worth approximately $39.02 million.
• Other major institutions increased their positions, including Akre Capital Management, Ameriprise Financial, Raymond James and Wellington Management. Institutional investors and hedge funds collectively own about 85% of ORLY.
• Wall Street remains broadly positive, with an average rating of “Moderate Buy” and an average price target of $107.94. O'Reilly’s latest quarterly revenue rose 8.1% year over year to $4.89 billion, while EPS of $0.86 matched analyst expectations.

Annex Advisory Services LLC trimmed its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,658 shares of the specialty retailer's stock after selling 11,268 shares during the period. Annex Advisory Services LLC owned approximately 0.05% of O'Reilly Automotive worth $39,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Norges Bank bought a new stake in O'Reilly Automotive during the 4th quarter valued at approximately $1,134,311,000. Akre Capital Management LLC lifted its holdings in shares of O'Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer's stock worth $848,188,000 after buying an additional 8,546,804 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of O'Reilly Automotive by 25.1% in the fourth quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer's stock valued at $1,345,829,000 after acquiring an additional 2,964,945 shares during the period. Ameriprise Financial Inc. boosted its position in shares of O'Reilly Automotive by 1,316.5% in the second quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer's stock valued at $272,871,000 after acquiring an additional 2,814,071 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of O'Reilly Automotive by 1,277.3% in the second quarter. Raymond James Financial Inc. now owns 2,346,977 shares of the specialty retailer's stock worth $211,533,000 after acquiring an additional 2,176,568 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Raymond Murphy sold 2,595 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $88.67, for a total value of $230,098.65. Following the sale, the director owned 4,000 shares of the company's stock, valued at $354,680. The trade was a 39.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert Allen Dumas sold 84,600 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $92.60, for a total transaction of $7,833,960.00. Following the completion of the transaction, the senior vice president directly owned 1,782 shares of the company's stock, valued at $165,013.20. This trade represents a 97.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 88,395 shares of company stock worth $8,170,043. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ORLY shares. Mizuho boosted their target price on shares of O'Reilly Automotive from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Wolfe Research set a $98.00 price target on shares of O'Reilly Automotive in a research report on Wednesday, July 15th. Morgan Stanley dropped their price objective on shares of O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Truist Financial set a $108.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, April 30th. Finally, Citigroup reiterated a "buy" rating and issued a $106.00 target price (up from $104.00) on shares of O'Reilly Automotive in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.94.

O'Reilly Automotive Trading Up 0.4%

ORLY opened at $92.57 on Wednesday. The stock's 50 day simple moving average is $88.72 and its 200-day simple moving average is $91.51. The stock has a market cap of $74.89 billion, a PE ratio of 29.48, a P/E/G ratio of 2.02 and a beta of 0.51. O'Reilly Automotive, Inc. has a 1 year low of $82.59 and a 1 year high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%.The firm had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the business earned $0.78 earnings per share. O'Reilly Automotive's quarterly revenue was up 8.1% compared to the same quarter last year. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Equities analysts forecast that O'Reilly Automotive, Inc. will post 3.27 earnings per share for the current fiscal 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.

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