Banque Pictet & Cie SA Buys 468,654 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Banque Pictet & Cie SA significantly increased its stake in O'Reilly Automotive by 1,215.3%, acquiring an additional 468,654 shares to reach a total of 507,218 shares valued at approximately $45.7 million.
• O'Reilly Automotive reported a revenue of $4.53 billion for the quarter, slightly below the analysts' expectations of $4.54 billion, while also maintaining a net margin of 14.15%.
• Multiple analysts have recently raised their price targets for O'Reilly Automotive, with UBS Group setting a target of $115.00 and Wells Fargo adjusting theirs to $105.00, indicating a positive outlook for the stock.

Banque Pictet & Cie SA raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,215.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,218 shares of the specialty retailer's stock after purchasing an additional 468,654 shares during the quarter. Banque Pictet & Cie SA owned 0.06% of O'Reilly Automotive worth $45,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AAFMAA Wealth Management & Trust LLC grew its holdings in O'Reilly Automotive by 1,092.1% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 14,293 shares of the specialty retailer's stock worth $1,288,000 after buying an additional 13,094 shares in the last quarter. Fortune Financial Advisors LLC boosted its holdings in O'Reilly Automotive by 1,415.5% during the 2nd quarter. Fortune Financial Advisors LLC now owns 37,781 shares of the specialty retailer's stock worth $3,405,000 after acquiring an additional 35,288 shares during the last quarter. Dakota Wealth Management grew its stake in shares of O'Reilly Automotive by 1,301.3% in the 2nd quarter. Dakota Wealth Management now owns 220,681 shares of the specialty retailer's stock worth $19,890,000 after acquiring an additional 204,933 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of O'Reilly Automotive in the second quarter valued at about $110,000. Finally, Perigon Wealth Management LLC grew its stake in O'Reilly Automotive by 1,619.9% in the 2nd quarter. Perigon Wealth Management LLC now owns 8,204 shares of the specialty retailer's stock valued at $739,000 after purchasing an additional 7,727 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Up 1.1%

Shares of ORLY opened at $104.58 on Friday. O'Reilly Automotive, Inc. has a 12-month low of $75.79 and a 12-month high of $108.42. The company has a market cap of $88.74 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The stock has a 50-day moving average price of $102.33 and a 200-day moving average price of $94.94.

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 for the quarter, hitting the consensus estimate of $0.78. The company 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%. O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. UBS Group boosted their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Barclays reissued an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised 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 report on Monday, July 21st. 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $107.17.

Insider Activity at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were 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 $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

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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