Envestnet Portfolio Solutions Inc. Has $5.06 Million Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Envestnet Portfolio Solutions Inc. significantly increased its holdings in O'Reilly Automotive by 1,400.6%, acquiring a total of 56,139 shares worth approximately $5.06 million.
• Insider transactions show high-level executives at O'Reilly Automotive sold a combined total of 125,635 shares in the last 90 days, indicating potential shifts in company sentiment.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, with earnings per share matching analysts' expectations, while their guidance for FY 2025 is projected at 2.850-2.950 EPS.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,139 shares of the specialty retailer's stock after purchasing an additional 52,398 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in O'Reilly Automotive were worth $5,060,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ORLY. GAMMA Investing LLC boosted its position in O'Reilly Automotive by 22.3% during the first quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock valued at $1,822,000 after purchasing an additional 232 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in 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 purchasing an additional 3,272 shares during the last quarter. Brighton Jones LLC boosted its position in O'Reilly Automotive by 7.9% during the first quarter. Brighton Jones LLC now owns 612 shares of the specialty retailer's stock valued at $877,000 after purchasing an additional 45 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in O'Reilly Automotive by 0.6% during the first quarter. Janney Montgomery Scott LLC now owns 20,779 shares of the specialty retailer's stock valued at $29,768,000 after purchasing an additional 132 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in O'Reilly Automotive during the first quarter valued at approximately $1,185,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% 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 in the last ninety days. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive Trading Up 0.2%

Shares of NASDAQ ORLY opened at $103.05 on Wednesday. The firm has a market cap of $87.44 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The business's 50 day moving average is $103.95 and its 200-day moving average is $96.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. DA Davidson upped their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Argus assumed coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective 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. Citigroup upped their price objective 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. Finally, TD Cowen upped their price objective on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.17.

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.