Duncker Streett & Co. Inc. Purchases 63,313 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Duncker Streett & Co. Inc. significantly increased its stake in O'Reilly Automotive by 1,356.6%, acquiring an additional 63,313 shares, bringing its total holdings to 67,980 shares worth approximately $6.13 million.
• O'Reilly Automotive's recent earnings report revealed $4.53 billion in revenue for the quarter, slightly below analyst expectations, but the stock has garnered multiple analysts' upgrades with target prices increasing to as high as $114.00.
• Insider selling was notable, with key executives selling a total of over 125,635 shares valued at approximately $12.74 million in the last ninety days, indicating varying levels of confidence among company insiders.

Duncker Streett & Co. Inc. grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,356.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 67,980 shares of the specialty retailer's stock after acquiring an additional 63,313 shares during the quarter. O'Reilly Automotive comprises approximately 1.1% of Duncker Streett & Co. Inc.'s holdings, making the stock its 24th largest holding. Duncker Streett & Co. Inc.'s holdings in O'Reilly Automotive were worth $6,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive in the first quarter worth $25,000. HWG Holdings LP bought a new stake in O'Reilly Automotive in the first quarter worth $26,000. Oakworth Capital Inc. increased its stake in O'Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC increased its stake in O'Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 280 shares during the period. Finally, ORG Partners LLC increased its stake in O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 277 shares during the period. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Stock Up 0.2%

O'Reilly Automotive stock opened at $103.05 on Wednesday. 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 capitalization of $87.44 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. The stock has a 50-day moving average price of $103.95 and a 200 day moving average price of $96.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $10.55 earnings per share. The company'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. Research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Guggenheim increased their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Wednesday, October 8th. Evercore ISI raised their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Citigroup raised their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.17.

O'Reilly Automotive 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.