Bank Pictet & Cie Europe AG Increases Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Bank Pictet & Cie Europe AG dramatically increased its stake in O'Reilly Automotive by 1,248.8%, owning 485,699 shares valued at approximately $43.8 million after acquiring 449,690 additional shares in the second quarter.
• Major institutional investors have also increased their holdings in O'Reilly Automotive, with Vanguard Group owning over $7.5 billion worth of shares and GAMMA Investing LLC growing its position by an astounding 175,115.6%.
• Analysts have a generally positive outlook on O'Reilly Automotive, with a consensus rating of "Buy" and price targets ranging up to $125.00, indicating confidence in the company's growth potential.

Bank Pictet & Cie Europe AG raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,248.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 485,699 shares of the specialty retailer's stock after acquiring an additional 449,690 shares during the period. Bank Pictet & Cie Europe AG owned approximately 0.06% of O'Reilly Automotive worth $43,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of O'Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of O'Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock valued at $69,031,000 after acquiring an additional 714,953 shares in the last quarter. Finally, Amundi raised its holdings in O'Reilly Automotive by 4.7% in the 1st quarter. Amundi now owns 734,322 shares of the specialty retailer's stock worth $1,058,345,000 after acquiring an additional 32,917 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ORLY. Evercore ISI increased their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada lifted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. TD Cowen boosted their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. UBS Group raised their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Barclays reissued an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $107.17.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Up 1.1%

O'Reilly Automotive stock opened at $104.58 on Friday. O'Reilly Automotive, Inc. has a 52-week low of $75.79 and a 52-week high of $108.42. The company has a market cap of $88.74 billion, a P/E ratio of 37.39, a P/E/G ratio of 2.73 and a beta of 0.60. The business has a 50-day simple moving average of $102.33 and a two-hundred day simple moving average of $94.94.

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

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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