Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 3,621 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Empirical Financial Services LLC significantly increased its stake in O'Reilly Automotive by 1,326.4%, acquiring an additional 3,621 shares during Q2, bringing its total holdings to 3,894 shares valued at approximately $351,000.
• Analysts are optimistic about O'Reilly Automotive's performance, with several raising their price targets; most notably, DA Davidson upgraded the stock's target price from $107.00 to $115.00 and gave a "buy" rating.
• Insider trading activity has been noted, with key executives selling shares; SVP Mark Joseph Merz sold 5,050 shares for about $500,303, indicating a 63.71% decrease in his holdings.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,326.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,894 shares of the specialty retailer's stock after acquiring an additional 3,621 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in O'Reilly Automotive were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ORLY. Wedmont Private Capital grew its holdings in shares of O'Reilly Automotive by 13.1% in the first quarter. Wedmont Private Capital now owns 1,036 shares of the specialty retailer's stock worth $1,440,000 after purchasing an additional 120 shares during the last quarter. Capital Investment Advisors LLC boosted its position in O'Reilly Automotive by 6.8% during the 1st quarter. Capital Investment Advisors LLC now owns 1,983 shares of the specialty retailer's stock valued at $2,842,000 after buying an additional 126 shares during the period. Moss Adams Wealth Advisors LLC bought a new stake in O'Reilly Automotive in the 1st quarter worth $213,000. Portside Wealth Group LLC purchased a new position in shares of O'Reilly Automotive in the first quarter valued at about $222,000. Finally, Deane Retirement Strategies Inc. increased its position in shares of O'Reilly Automotive by 0.6% in the first quarter. Deane Retirement Strategies Inc. now owns 3,715 shares of the specialty retailer's stock valued at $5,318,000 after acquiring an additional 22 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on ORLY shares. DA Davidson raised their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wolfe Research started coverage on O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price objective on the stock. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Barclays restated an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a 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 issued a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and an average target price of $107.17.

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the firm'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 transaction of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. 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 in the last ninety days. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Trading Down 1.4%

ORLY opened at $103.30 on Tuesday. The company has a market cap of $87.65 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The stock has a fifty day simple moving average of $103.73 and a two-hundred day simple moving average of $95.86. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current 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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