Greenleaf Trust Purchases 24,210 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Greenleaf Trust significantly increased its stake in O'Reilly Automotive, purchasing 24,210 shares during the second quarter for a total of 26,121 shares, valued at approximately $2.35 million.
• O'Reilly Automotive reported a 5.9% year-over-year revenue increase at $4.53 billion, with earnings per share meeting estimates at $0.78, despite a negative return on equity of 181.53%.
• Analysts remain positive on O'Reilly Automotive, with the stock receiving multiple buy ratings and price targets raised, reflecting a general bullish sentiment among institutional investors.

Greenleaf Trust boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,266.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,121 shares of the specialty retailer's stock after buying an additional 24,210 shares during the period. Greenleaf Trust's holdings in O'Reilly Automotive were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in O'Reilly Automotive by 16.4% during 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 buying an additional 3,272 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Massachusetts Financial Services Co. MA lifted 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 purchasing an additional 147,904 shares during the last quarter. CCM Investment Group LLC bought 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. lifted its stake 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 purchasing an additional 3,866 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Trading Up 0.2%

Shares of NASDAQ ORLY opened at $107.81 on Wednesday. The stock has a market capitalization of $91.48 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. The stock's fifty day simple moving average is $103.12 and its two-hundred day simple moving average is $95.40. O'Reilly Automotive, Inc. has a 12-month low of $75.93 and a 12-month high of $108.72.

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, meeting the consensus estimate of $0.78. The business had revenue of $4.53 billion for 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%.The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORLY. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Truist Financial increased 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. Guggenheim increased their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Citigroup increased 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. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $107.17.

Insider Buying and Selling

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last quarter. Insiders own 1.01% of the company's stock.

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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