Fulton Bank N.A. grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,390.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 29,080 shares of the specialty retailer's stock after buying an additional 27,129 shares during the period. Fulton Bank N.A.'s holdings in O'Reilly Automotive were worth $2,621,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at about $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive during the first quarter worth about $26,000. HighMark Wealth Management LLC raised its holdings in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP purchased a new position in O'Reilly Automotive during the first quarter worth about $30,000. Finally, Saudi Central Bank purchased a new position in O'Reilly Automotive during the first quarter worth about $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.
O'Reilly Automotive Price Performance
O'Reilly Automotive stock traded up $0.24 during mid-day trading on Friday, reaching $103.93. The company had a trading volume of 10,047,562 shares, compared to its average volume of 4,166,746. O'Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The stock's 50-day simple moving average is $101.37 and its 200-day simple moving average is $94.53. The company has a market capitalization of $88.18 billion, a P/E ratio of 37.15, a P/E/G ratio of 2.74 and a beta of 0.60.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. 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 analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a report on Monday. BMO Capital Markets increased their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. DA Davidson increased their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, TD Cowen increased their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday. 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 company. Based on data from MarketBeat, O'Reilly Automotive presently has a consensus rating of "Buy" and a consensus price target of $107.17.
Get Our Latest Stock Analysis on O'Reilly Automotive
Insider Activity at O'Reilly Automotive
In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred 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 transaction, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company's stock.
About O'Reilly Automotive
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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.
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