Fifth Third Bancorp Buys 521,870 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Fifth Third Bancorp significantly increased its holdings in O'Reilly Automotive by 1,409.9% in Q2, acquiring an additional 521,870 shares and owning about 0.07% of the company valued at $50.37 million.
• Institutional investors now hold 85.00% of O'Reilly Automotive's stock, with multiple hedge funds reporting major increases in their stakes during the same period.
• O'Reilly Automotive's recent quarterly earnings met expectations, with revenue rising 5.9% year-over-year, although they reported a negative return on equity of 181.53%.

Fifth Third Bancorp boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,409.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558,884 shares of the specialty retailer's stock after purchasing an additional 521,870 shares during the period. Fifth Third Bancorp owned about 0.07% of O'Reilly Automotive worth $50,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. CCM Investment Advisers LLC raised its stake in O'Reilly Automotive by 1,405.4% in the second quarter. CCM Investment Advisers LLC now owns 12,465 shares of the specialty retailer's stock valued at $1,123,000 after buying an additional 11,637 shares during the period. Sheets Smith Wealth Management grew its position in shares of O'Reilly Automotive by 1,416.4% in the second quarter. Sheets Smith Wealth Management now owns 6,945 shares of the specialty retailer's stock valued at $626,000 after purchasing an additional 6,487 shares during the last quarter. Waycross Partners LLC grew its position in shares of O'Reilly Automotive by 1,400.0% in the second quarter. Waycross Partners LLC now owns 30,000 shares of the specialty retailer's stock valued at $2,704,000 after purchasing an additional 28,000 shares during the last quarter. MCF Advisors LLC grew its position in O'Reilly Automotive by 1,378.3% during the second quarter. MCF Advisors LLC now owns 12,240 shares of the specialty retailer's stock worth $1,103,000 after buying an additional 11,412 shares in the last quarter. Finally, Covea Finance grew its position in O'Reilly Automotive by 1,400.0% during the second quarter. Covea Finance now owns 154,710 shares of the specialty retailer's stock worth $13,944,000 after buying an additional 144,396 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Trading Up 0.3%

Shares of NASDAQ ORLY opened at $103.73 on Wednesday. The stock has a fifty day simple moving average of $101.83 and a two-hundred day simple moving average of $94.77. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The firm has a market cap of $88.01 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the company earned $10.55 earnings per share. O'Reilly Automotive'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. Analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling

In related news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price on the stock. Truist Financial raised their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. TD Cowen raised their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. lifted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, O'Reilly Automotive has an average rating of "Buy" and an average price target 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.

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