BTC Capital Management Inc. Boosts Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• BTC Capital Management Inc. significantly increased its holdings in O'Reilly Automotive, Inc. by 1,384.5% during the second quarter, owning 108,009 shares valued at approximately $9.7 million.
• Several analysts have raised their price targets for O'Reilly, with estimates now ranging from $110 to $125, reflecting a bullish outlook among investment analysts.
• Insider trading activity revealed that senior executives, including SVP Mark Joseph Merz, have sold a total of 125,635 shares recently, amounting to over $12.74 million.

BTC Capital Management Inc. increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,384.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,009 shares of the specialty retailer's stock after acquiring an additional 100,733 shares during the quarter. BTC Capital Management Inc.'s holdings in O'Reilly Automotive were worth $9,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fruth Investment Management boosted its position in shares of O'Reilly Automotive by 1,400.0% during the second quarter. Fruth Investment Management now owns 4,500 shares of the specialty retailer's stock worth $405,000 after acquiring an additional 4,200 shares during the last quarter. Deane Retirement Strategies Inc. boosted its position in shares of O'Reilly Automotive by 1,430.7% during the second quarter. Deane Retirement Strategies Inc. now owns 56,866 shares of the specialty retailer's stock worth $5,123,000 after acquiring an additional 53,151 shares during the last quarter. Farther Finance Advisors LLC boosted 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 worth $69,031,000 after acquiring an additional 714,953 shares during the last quarter. Busey Bank boosted its position in shares of O'Reilly Automotive by 1,384.3% during the second quarter. Busey Bank now owns 122,457 shares of the specialty retailer's stock worth $11,037,000 after acquiring an additional 114,207 shares during the last quarter. Finally, CX Institutional boosted its position in shares of O'Reilly Automotive by 1,379.7% during the second quarter. CX Institutional now owns 3,714 shares of the specialty retailer's stock worth $335,000 after acquiring an additional 3,463 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased 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. DA Davidson increased their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Truist Financial increased their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $107.17.

Insider Activity at O'Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 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 $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Price Performance

Shares of ORLY traded down $0.31 during midday trading on Tuesday, hitting $103.14. The stock had a trading volume of 2,826,688 shares, compared to its average volume of 5,499,315. O'Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The firm has a market cap of $87.51 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The stock's 50 day moving average is $101.58 and its 200 day moving average is $94.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm posted $10.55 earnings per share. The business's revenue for the quarter 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. As a group, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.