First Merchants Corp Purchases 95,981 Shares of O'Reilly Automotive, Inc. $ORLY

First Merchants Corp boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,392.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,875 shares of the specialty retailer's stock after purchasing an additional 95,981 shares during the quarter. First Merchants Corp's holdings in O'Reilly Automotive were worth $9,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ORLY. Portside Wealth Group LLC bought a new stake in O'Reilly Automotive during the first quarter valued at about $222,000. 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 in the last quarter. Simplicity Wealth LLC bought a new stake in O'Reilly Automotive during the first quarter valued at about $343,000. MV Capital Management Inc. boosted its position in O'Reilly Automotive by 175.9% during the first quarter. MV Capital Management Inc. now owns 149 shares of the specialty retailer's stock valued at $213,000 after purchasing an additional 95 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in O'Reilly Automotive by 197.2% during the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock valued at $434,765,000 after purchasing an additional 201,356 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 1.1%

Shares of ORLY stock opened at $100.76 on Thursday. The stock has a 50 day moving average of $103.81 and a 200 day moving average of $95.94. The stock has a market cap of $85.49 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.69 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71.

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

Insider Buying and Selling

In related news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This represents a 87.45% 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 valued at $12,740,916 in the last ninety days. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORLY shares. Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target for the company. Royal Bank Of Canada raised their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company raised their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Citigroup raised their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Truist Financial raised their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating 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 given a Hold rating to the company. According to MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus target price of $107.17.

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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