Columbia Asset Management Boosts Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Columbia Asset Management significantly increased its stake in O'Reilly Automotive by 1,400.0% in the second quarter, acquiring an additional 10,570 shares, bringing its total holdings to 11,325 shares valued at over $1 million.
• Major investment firms, including Congress Asset Management and Farther Finance Advisors, also ramped up their investments in O'Reilly Automotive, with both increasing their holdings by more than 1,300% during the same period.
• Wall Street analysts remain optimistic, with multiple firms raising their price targets for O'Reilly Automotive to as high as $115.00, reflecting a consensus rating of "Buy" among analysts.

Columbia Asset Management lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,325 shares of the specialty retailer's stock after acquiring an additional 10,570 shares during the period. Columbia Asset Management's holdings in O'Reilly Automotive were worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Congress Asset Management Co. increased its position in shares of O'Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of O'Reilly Automotive by 1,403.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after purchasing an additional 714,953 shares during the last quarter. Nuveen LLC acquired a new stake in shares of O'Reilly Automotive during the 1st quarter worth about $897,549,000. Argent Capital Management LLC increased its position in shares of O'Reilly Automotive by 1,379.2% during the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock worth $54,721,000 after purchasing an additional 566,087 shares during the last quarter. Finally, Woodstock Corp increased its position in shares of O'Reilly Automotive by 1,376.6% during the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after purchasing an additional 545,839 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Guggenheim raised their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI raised their price objective 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 raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Citigroup lifted their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two 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. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $107.17.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the business'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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock opened at $107.81 on Wednesday. O'Reilly Automotive, Inc. has a one year low of $75.93 and a one year high of $108.72. The company has a market cap of $91.48 billion, a PE ratio of 38.54, a P/E/G ratio of 2.84 and a beta of 0.60. The business has a 50-day simple moving average of $103.12 and a 200-day simple moving average of $95.40.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the company 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. On average, sell-side analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.

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