Fort Washington Investment Advisors Inc. OH Raises Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in O'Reilly Automotive by an astounding 1,400.0%, now holding 2,970 shares valued at approximately $268,000 according to their latest filing.
• Several institutional investors also significantly increased their holdings in O'Reilly, with Congress Asset Management Co. boosting its position by 1,385.2%, now owning over 1.58 million shares.
• O'Reilly Automotive reported a 5.9% year-over-year revenue increase with a roadmap for FY 2025 EPS guidance set between 2.850 and 2.950.

Fort Washington Investment Advisors Inc. OH grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,970 shares of the specialty retailer's stock after acquiring an additional 2,772 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in O'Reilly Automotive were worth $268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ORLY. Congress Asset Management Co. increased its position in O'Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of O'Reilly Automotive by 1,403.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after buying an additional 714,953 shares during the last quarter. Nuveen LLC purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $897,549,000. Argent Capital Management LLC lifted its holdings in O'Reilly Automotive by 1,379.2% in the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after acquiring an additional 566,087 shares during the last quarter. Finally, Woodstock Corp grew its position in O'Reilly Automotive by 1,376.6% in the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after acquiring an additional 545,839 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

ORLY stock opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a 1 year low of $75.93 and a 1 year high of $108.42. The firm has a market capitalization of $91.26 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.80 and a beta of 0.60. The business's 50-day moving average is $102.87 and its two-hundred day moving average is $95.31.

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

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORLY has been the topic of several research analyst reports. 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. Wolfe Research started coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Argus began coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Finally, DA Davidson lifted 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. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average 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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