Atria Wealth Solutions Inc. Purchases 18,024 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Atria Wealth Solutions Inc. increased its holdings in O'Reilly Automotive by 817.8%, acquiring an additional 18,024 shares during the 2nd quarter, bringing its total to 20,228 shares valued at approximately $1.8 million.
• Several research firms have raised their price targets for O'Reilly Automotive, with Guggenheim setting a new target of $110.00 and TD Cowen increasing theirs to $125.00, both maintaining a "buy" rating.
• O'Reilly Automotive's most recent quarterly earnings showed an EPS of $0.78, matching estimates, and a 5.9% increase in revenue year-over-year, totaling $4.53 billion.

Atria Wealth Solutions Inc. grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 817.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,228 shares of the specialty retailer's stock after purchasing an additional 18,024 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in O'Reilly Automotive were worth $1,823,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC raised its holdings in O'Reilly Automotive by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock worth $1,822,000 after purchasing an additional 232 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in O'Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of O'Reilly Automotive by 0.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,779 shares of the specialty retailer's stock valued at $29,768,000 after acquiring an additional 132 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $1,185,000. Finally, Inscription Capital LLC bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $345,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 0.9%

NASDAQ ORLY opened at $102.12 on Thursday. The company has a fifty day simple moving average of $103.90 and a 200 day simple moving average of $96.26. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The company has a market cap of $86.65 billion, a P/E ratio of 36.51, a PEG ratio of 2.72 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $4.54 billion. During the same quarter last year, the firm posted $10.55 EPS. 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. Sell-side analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORLY. Guggenheim lifted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. TD Cowen lifted their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. lifted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Royal Bank Of Canada lifted their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, UBS Group reiterated a "buy" rating and issued a $120.00 price objective (up previously from $115.00) on shares of O'Reilly Automotive in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and a consensus target price of $109.12.

Insider Activity

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction 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 transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. This represents a 87.45% 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 owned by insiders.

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.

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