Friedenthal Financial purchased a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 9,865 shares of the specialty retailer's stock, valued at approximately $889,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $25,000. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $26,000. Oakworth Capital Inc. lifted its position in shares of O'Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares during the period. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 280 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 277 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. The trade was a 63.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last quarter. Insiders own 1.01% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on ORLY. Evercore ISI lifted their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Truist Financial lifted their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $107.17.
Read Our Latest Research Report on O'Reilly Automotive
O'Reilly Automotive Stock Performance
ORLY stock opened at $101.85 on Wednesday. The stock has a market capitalization of $86.42 billion, a P/E ratio of 36.41, a PEG ratio of 2.73 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The company has a 50 day moving average price of $103.79 and a two-hundred day moving average price of $95.91.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O'Reilly Automotive'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 earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
About O'Reilly Automotive
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).
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