Baird Financial Group Inc. Raises Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Baird Financial Group Inc. increased its holdings in O'Reilly Automotive by 5.7% in the first quarter, now owning approximately $660.61 million worth of the stock.
• O'Reilly Automotive had a strong financial performance, reporting a revenue of $4.53 billion for the quarter, although it slightly missed analyst estimates.
• Recent analyst reports have set new price targets for O'Reilly Automotive, with UBS increasing it from $105.00 to $115.00, maintaining a "buy" rating.

Baird Financial Group Inc. grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,130 shares of the specialty retailer's stock after purchasing an additional 24,739 shares during the period. O'Reilly Automotive makes up approximately 1.3% of Baird Financial Group Inc.'s portfolio, making the stock its 14th biggest holding. Baird Financial Group Inc. owned about 0.81% of O'Reilly Automotive worth $660,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Carolinas Wealth Consulting LLC increased its holdings in shares of O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after purchasing an additional 8 shares during the period. Marcum Wealth LLC increased its holdings in shares of O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after purchasing an additional 8 shares during the period. Adero Partners LLC increased its holdings in shares of O'Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after purchasing an additional 8 shares during the period. Avior Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after purchasing an additional 8 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 0.3%

ORLY stock traded down $0.31 on Monday, reaching $103.68. 2,952,643 shares of the company's stock were exchanged, compared to its average volume of 4,305,795. The stock has a fifty day moving average of $97.23 and a 200-day moving average of $92.99. The firm has a market cap of $87.97 billion, a PE ratio of 37.06, a P/E/G ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $73.11 and a twelve month high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. DA Davidson upped their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and an average price target of $104.40.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive 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 transaction of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. 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 three months. 1.01% of the stock is owned by company insiders.

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.