Cyndeo Wealth Partners LLC Grows Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Cyndeo Wealth Partners LLC significantly increased its holdings in O'Reilly Automotive by 1,486.9% in Q2, now owning over 41,000 shares valued at approximately $3.7 million.
• Analyst upgrades for O'Reilly Automotive include price target increases from multiple firms, with a consensus rating of Buy and an average target price of $107.17.
• Insider sales have occurred, with SVP Carl David Wilbanks selling 88,485 shares, representing an 89.57% decrease in his ownership of O'Reilly's stock.

Cyndeo Wealth Partners LLC grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,486.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 41,069 shares of the specialty retailer's stock after purchasing an additional 38,481 shares during the period. Cyndeo Wealth Partners LLC's holdings in O'Reilly Automotive were worth $3,702,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of O'Reilly Automotive by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Vanguard Group Inc. grew its position 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 worth $7,504,421,000 after purchasing an additional 75,125 shares during the period. Prime Capital Investment Advisors LLC grew its position in O'Reilly Automotive by 1,063.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer's stock worth $9,724,000 after purchasing an additional 98,616 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 in the last quarter. Finally, CCM Investment Group LLC purchased a new stake in shares of O'Reilly Automotive in the 1st quarter worth $4,672,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ORLY shares. Truist Financial upped their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI increased their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. UBS Group upped their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a research report on Wednesday. Finally, Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $107.17.

Insider Activity

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm'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 completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, the senior vice president directly owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last ninety days. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Performance

NASDAQ ORLY opened at $99.72 on Friday. The firm's 50 day moving average price is $103.84 and its 200-day moving average price is $96.00. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The company has a market cap of $84.61 billion, a PE ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the firm earned $10.55 earnings per share. The company's quarterly revenue 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, analysts forecast 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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