Bank of New Hampshire Grows Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Bank of New Hampshire significantly increased its investment in O'Reilly Automotive, raising its stake by 1,305.3% to own 50,815 shares, worth approximately $4.58 million.
• O'Reilly Automotive reported a net margin of 14.15% and revenue of $4.53 billion during the last quarter, which was a 5.9% increase compared to the same period last year.
• Several research firms raised their price targets for O'Reilly Automotive, with JPMorgan setting a new target of $113.00 and Argus initiating coverage with a $120.00 price target.

Bank of New Hampshire raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,305.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,815 shares of the specialty retailer's stock after purchasing an additional 47,199 shares during the quarter. O'Reilly Automotive comprises about 1.1% of Bank of New Hampshire's investment portfolio, making the stock its 22nd biggest position. Bank of New Hampshire's holdings in O'Reilly Automotive were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $25,000. HighMark Wealth Management LLC grew its stake in shares of O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Performance

NASDAQ ORLY opened at $106.29 on Tuesday. O'Reilly Automotive, Inc. has a 52-week low of $73.33 and a 52-week high of $108.42. The company has a 50-day simple moving average of $100.38 and a 200 day simple moving average of $94.20. The company has a market capitalization of $90.19 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the business 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, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly 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. Over the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORLY. JPMorgan Chase & Co. lifted their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Argus began coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target for the company. DA Davidson lifted their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada lifted their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and a consensus price target of $106.36.

About O'Reilly Automotive

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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