Foster Victor Wealth Advisors LLC Has $20.81 Million Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Foster Victor Wealth Advisors LLC significantly increased its stake in O'Reilly Automotive, acquiring a total of 224,737 shares, valued at approximately $20.81 million, marking a 1,571.8% increase in the second quarter.
• Insider transactions revealed that Director Maria Sastre sold 595 shares at an average price of $102.31, leading to a 3.60% decrease in her ownership of the company’s stock.
• Analysts have a consensus rating of "Buy" for O'Reilly Automotive, with a target price of $107.17, following various upgrades from notable firms like Wells Fargo and TD Cowen.

Foster Victor Wealth Advisors LLC raised its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,571.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 224,737 shares of the specialty retailer's stock after acquiring an additional 211,294 shares during the period. O'Reilly Automotive makes up 1.4% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 15th largest position. Foster Victor Wealth Advisors LLC's holdings in O'Reilly Automotive were worth $20,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in O'Reilly Automotive by 16.4% in 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. Vanguard Group Inc. grew its position in shares of O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after buying an additional 75,125 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after acquiring an additional 147,904 shares during the last quarter. CCM Investment Group LLC acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of O'Reilly Automotive by 52.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock valued at $16,105,000 after acquiring an additional 3,866 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Wells Fargo & Company upped their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. TD Cowen boosted their target price 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. Finally, Evercore ISI increased their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Performance

NASDAQ ORLY opened at $103.73 on Wednesday. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The stock's 50 day moving average price is $101.83 and its two-hundred day moving average price is $94.77. The stock has a market capitalization of $88.01 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.73 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period 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. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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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