Cullen Investment Group LTD. Grows Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Cullen Investment Group LTD. significantly increased its stake in O'Reilly Automotive by 1,350.8% in Q2, owning 15,480 shares valued at approximately $1,395,000 at the quarter's end.
• Recent analyst reports have raised price targets for O'Reilly Automotive, with Royal Bank of Canada setting a new target of $104.00 and Citigroup reaching $114.00, reflecting strong performance expectations.
• Insider trading activity showed noteworthy sales, with key executives selling thousands of shares, leading to a 13.49% decrease in one executive's holdings, totaling over $12 million in insider sales over the past three months.

Cullen Investment Group LTD. lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,350.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,480 shares of the specialty retailer's stock after purchasing an additional 14,413 shares during the period. Cullen Investment Group LTD.'s holdings in O'Reilly Automotive were worth $1,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in O'Reilly Automotive in the first quarter valued at $3,028,000. Inspire Investing LLC boosted its holdings in O'Reilly Automotive by 596.9% in the first quarter. Inspire Investing LLC now owns 2,007 shares of the specialty retailer's stock valued at $2,875,000 after purchasing an additional 1,719 shares during the period. Hodges Capital Management Inc. purchased a new position in O'Reilly Automotive in the first quarter valued at $287,000. Modern Wealth Management LLC boosted its holdings in O'Reilly Automotive by 3.1% in the first quarter. Modern Wealth Management LLC now owns 1,032 shares of the specialty retailer's stock valued at $1,478,000 after purchasing an additional 31 shares during the period. Finally, Apeiron RIA LLC purchased a new position in O'Reilly Automotive in the first quarter valued at $215,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Argus initiated coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target for the company. Citigroup lifted their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. BMO Capital Markets lifted their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target 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 issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $104.40.

Insider Transactions at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive 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 sale, the senior vice president owned 12,826 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 over the last three months. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive Stock Performance

ORLY opened at $107.50 on Friday. The business's 50-day simple moving average is $100.11 and its 200-day simple moving average is $94.03. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42. The stock has a market capitalization of $91.21 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the firm earned $10.55 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS 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.

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