Fifth Third Wealth Advisors LLC Purchases 23,577 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in O'Reilly Automotive by 1,533% during Q2, acquiring 23,577 shares to reach a total of 25,115 shares valued at $2.26 million.
• O'Reilly Automotive reported $4.53 billion in revenue for its most recent quarter, experiencing a 5.9% year-over-year increase, but its earnings per share matched analyst estimates at $0.78.
• Insider selling saw senior vice president Shari Lynne Reaves and another executive sell a total of 31,505 shares, reducing their ownership stakes significantly.

Fifth Third Wealth Advisors LLC grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,533.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,115 shares of the specialty retailer's stock after buying an additional 23,577 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in O'Reilly Automotive were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Adero Partners LLC lifted its position in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after buying an additional 8 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after buying an additional 8 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of O'Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock worth $953,000 after buying an additional 8 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of O'Reilly Automotive by 3.2% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock worth $417,000 after buying an additional 9 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Up 2.4%

O'Reilly Automotive stock opened at $102.15 on Friday. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The firm has a market capitalization of $86.67 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 2.70 and a beta of 0.60. The firm has a 50 day simple moving average of $103.90 and a 200 day simple moving average of $96.10.

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 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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business earned $10.55 EPS. 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. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on ORLY shares. Argus assumed coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target for the company. Royal Bank Of Canada raised their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group raised their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, TD Cowen raised their price target on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Two 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average 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.

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