Bartlett & CO. Wealth Management LLC Boosts Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Bartlett & CO. Wealth Management LLC significantly increased its position in O'Reilly Automotive by 1,312.9% during the second quarter, acquiring a total of 2,628 shares valued at approximately $237,000.
• O'Reilly Automotive's stock has an average analyst rating of "Buy" with a consensus target price of $107.17, following recent price upgrades from various research firms.
• The company reported $4.53 billion in revenue for the last quarter, with earnings per share meeting expectations at $0.78, despite a slight decrease in its stock price.

Bartlett & CO. Wealth Management LLC raised its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,312.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,628 shares of the specialty retailer's stock after acquiring an additional 2,442 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in O'Reilly Automotive were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORLY. HWG Holdings LP purchased a new position in O'Reilly Automotive in the 1st quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive during the first quarter worth $25,000. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive in the first quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new position in O'Reilly Automotive during the first quarter worth about $33,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORLY. Guggenheim increased their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays restated an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. Wolfe Research started coverage on O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective on the stock. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Finally, BMO Capital Markets lifted their price target 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 investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Down 0.7%

Shares of ORLY opened at $104.97 on Friday. The company has a market capitalization of $89.07 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $75.93 and a 52-week high of $108.71. The stock has a 50 day moving average price of $103.46 and a 200 day moving average price of $95.57.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction that occurred 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 directly owned 2,876 shares in the company, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last 90 days. Company insiders own 1.01% of the company's stock.

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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