Argent Capital Management LLC Grows Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Argent Capital Management LLC significantly increased its holdings in O'Reilly Automotive by 1,379.2%, now owning a total of 607,131 shares, worth approximately $54.7 million.
• Insider transactions show Director Maria Sastre and SVP Carl David Wilbanks selling 595 and 88,485 shares respectively on August 13th, resulting in a significant decrease in their positions.
• Research analysts have raised their price targets for O'Reilly Automotive, with TD Cowen now targeting $125, reflecting growing optimism about the company's prospects.

Argent Capital Management LLC grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,379.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 607,131 shares of the specialty retailer's stock after acquiring an additional 566,087 shares during the period. O'Reilly Automotive comprises approximately 1.6% of Argent Capital Management LLC's holdings, making the stock its 26th biggest holding. Argent Capital Management LLC owned about 0.07% of O'Reilly Automotive worth $54,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ORLY. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC boosted 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 worth $29,000 after acquiring an additional 13 shares during the period. Elequin Capital LP acquired a new stake in O'Reilly Automotive in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O'Reilly Automotive during the first quarter valued at approximately $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O'Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 in the last quarter. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Down 0.5%

O'Reilly Automotive 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 stock has a market cap of $87.78 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60. The company's 50-day moving average price is $101.58 and its two-hundred day moving average price is $94.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (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 during the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the firm posted $10.55 earnings per share. The business's 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 expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on ORLY shares. Truist Financial increased their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. TD Cowen raised their price target on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Royal Bank Of Canada lifted their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Argus began coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $107.17.

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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