Cromwell Holdings LLC Has $246,000 Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Cromwell Holdings LLC significantly increased its holdings in O'Reilly Automotive, acquiring an additional 2,548 shares, bringing their total to 2,730 shares valued at approximately $246,000.
• Multiple institutional investors also made substantial increases in their stakes, with Congress Asset Management Co. boosting their share ownership by over 1,385%.
• Equities analysts have raised their price targets for O'Reilly Automotive, with Wells Fargo setting a new target of $105.00 and Argus giving a target of $120.00, reflecting a strong outlook for the stock.

Cromwell Holdings LLC boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,730 shares of the specialty retailer's stock after purchasing an additional 2,548 shares during the period. Cromwell Holdings LLC's holdings in O'Reilly Automotive were worth $246,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. boosted its stake 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 buying an additional 1,474,068 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of O'Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after buying an additional 1,298,307 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 buying an additional 714,953 shares during the last quarter. Nuveen LLC acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth about $897,549,000. Finally, Argent Capital Management LLC boosted its stake 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 buying an additional 566,087 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction 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 on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORLY shares. Wells Fargo & Company increased their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Evercore ISI raised their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Argus began coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price for the company. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Down 0.7%

Shares of ORLY opened at $104.97 on Friday. The firm's 50 day moving average is $103.46 and its 200-day moving average is $95.57. The stock has a market capitalization of $89.07 billion, a PE ratio of 37.53, a P/E/G ratio of 2.79 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12 month low of $75.93 and a 12 month high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

O'Reilly Automotive Company 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.

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.