Bath Savings Trust Co Buys 51,900 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Bath Savings Trust Co significantly increased its stake in O'Reilly Automotive, acquiring 51,900 shares, which is a 1,371.6% increase, bringing its total holdings to 55,684 shares valued at approximately $5 million.
• Institutional investors control 85% of O'Reilly Automotive's stock, with notable increases from several firms, including a staggering 175,115.6% growth in holdings by GAMMA Investing LLC.
• Analysts have set a consensus price target of $106.36 for O'Reilly Automotive, with a majority rating the stock as a "buy" amid updates from firms like Argus, Cowen, and UBS Group.

Bath Savings Trust Co lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,371.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,684 shares of the specialty retailer's stock after purchasing an additional 51,900 shares during the quarter. Bath Savings Trust Co's holdings in O'Reilly Automotive were worth $5,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Advisory Group Advisory Services LLC boosted its position in shares of O'Reilly Automotive by 1,359.9% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 5,460 shares of the specialty retailer's stock valued at $492,000 after purchasing an additional 5,086 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of O'Reilly Automotive by 1,379.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 321,000 shares of the specialty retailer's stock valued at $28,932,000 after purchasing an additional 299,300 shares during the period. SK Wealth Management LLC boosted its position in shares of O'Reilly Automotive by 1,400.0% in the 2nd quarter. SK Wealth Management LLC now owns 4,275 shares of the specialty retailer's stock valued at $396,000 after purchasing an additional 3,990 shares during the period. Wedmont Private Capital boosted its position in shares of O'Reilly Automotive by 1,451.3% in the 2nd quarter. Wedmont Private Capital now owns 16,071 shares of the specialty retailer's stock valued at $1,488,000 after purchasing an additional 15,035 shares during the period. Finally, Swedbank AB lifted its stake in O'Reilly Automotive by 1,463.0% in the 2nd quarter. Swedbank AB now owns 432,565 shares of the specialty retailer's stock worth $38,987,000 after acquiring an additional 404,890 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 0.5%

Shares of ORLY traded down $0.48 during midday trading on Monday, reaching $103.45. 4,969,688 shares of the stock were exchanged, compared to its average volume of 4,494,938. O'Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42. The firm has a 50 day simple moving average of $101.58 and a 200-day simple moving average of $94.71. The company has a market cap of $87.78 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 2.74 and a beta of 0.60.

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

Insider Transactions at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last 90 days. Company insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORLY. Wells Fargo & Company increased their price objective 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. UBS Group increased their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Citigroup increased their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Guggenheim increased their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Barclays reissued an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $107.17.

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.