Chicago Partners Investment Group LLC Purchases 25,182 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Chicago Partners Investment Group LLC significantly increased its holdings in O'Reilly Automotive by 1,458.1%, acquiring an additional 25,182 shares during the second quarter, bringing their total to 26,909 shares valued at $2.57 million.
• Multiple institutional investors, including Vanguard Group and William Blair Investment Management, have also increased their stakes in O'Reilly Automotive, reflecting growing confidence in the stock.
• Analysts have raised their price targets, with projections indicating a potential price increase from recent valuations, currently sitting near $101.60 per share with estimates suggesting a future target average of $109.12.

Chicago Partners Investment Group LLC lifted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,458.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,909 shares of the specialty retailer's stock after purchasing an additional 25,182 shares during the period. Chicago Partners Investment Group LLC's holdings in O'Reilly Automotive were worth $2,568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of O'Reilly Automotive by 1,269.2% in the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock valued at $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. TD Asset Management Inc increased its position in shares of O'Reilly Automotive by 1,214.0% during the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock valued at $194,567,000 after acquiring an additional 1,994,449 shares during the last quarter. Wellington Management Group LLP increased its position in shares of O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after acquiring an additional 330,964 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in O'Reilly Automotive by 1,052.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after acquiring an additional 1,573,010 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock opened at $101.60 on Monday. The stock has a market capitalization of $86.21 billion, a P/E ratio of 36.32, a P/E/G ratio of 2.68 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock's 50-day simple moving average is $103.82 and its 200 day simple moving average is $96.36.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The firm 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%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORLY shares. Royal Bank Of Canada upped their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Truist Financial boosted their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. BMO Capital Markets raised their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Guggenheim lifted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, DA Davidson increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.12.

Insider Buying and Selling

In other O'Reilly Automotive news, 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 completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company'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 approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock worth $12,740,916. 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.