Central Pacific Bank Trust Division Boosts Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Central Pacific Bank Trust Division increased its stake in O'Reilly Automotive by 1,300%, owning 27,510 shares worth approximately $2.48 million as per its recent SEC filing.
• Several large investors also heightened their holdings in O'Reilly, with GAMMA Investing LLC raising its position by 175,115.6% and now owning 1.82 million shares valued at over $2.61 billion.
• O'Reilly Automotive reported a net margin of 14.15% and met analysts' earnings estimates of $0.78 EPS, despite a slight revenue miss compared to projections.

Central Pacific Bank Trust Division lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,300.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,510 shares of the specialty retailer's stock after purchasing an additional 25,545 shares during the quarter. Central Pacific Bank Trust Division's holdings in O'Reilly Automotive were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ORLY. GAMMA Investing LLC raised its position in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares during the last quarter. Nuveen LLC purchased a new position in shares of O'Reilly Automotive in the 1st quarter worth about $897,549,000. Wellington Management Group LLP raised its position in shares of O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of O'Reilly Automotive by 197.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock worth $434,765,000 after purchasing an additional 201,356 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after purchasing an additional 147,904 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ORLY shares. Evercore ISI lifted their price target on 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 lifted their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $104.40.

O'Reilly Automotive Stock Down 0.3%

O'Reilly Automotive stock opened at $107.50 on Friday. The business has a 50-day simple moving average of $100.11 and a two-hundred day simple moving average of $94.03. The company has a market cap of $91.21 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.85 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $73.33 and a 52-week high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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.

Insider Transactions at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction that occurred on 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 approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on 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 approximately $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. In the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

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.

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