Harbour Investments Inc. Buys 19,650 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Harbour Investments Inc. increased its stake in O'Reilly Automotive by 1,469.7%, acquiring an additional 19,650 shares, bringing its total holdings to 20,987 shares valued at approximately $1.89 million.
• Several analysts have raised their price targets for O'Reilly Automotive, with most maintaining a buy or outperform rating, reflecting optimism about the company's growth potential.
• Recent insider transactions involved significant share sales, including SVP Carl David Wilbanks selling 88,485 shares for over $9 million, highlighting notable movements in executive ownership.

Harbour Investments Inc. increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,469.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,987 shares of the specialty retailer's stock after acquiring an additional 19,650 shares during the period. Harbour Investments Inc.'s holdings in O'Reilly Automotive were worth $1,892,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ORLY. GAMMA Investing LLC raised its holdings in O'Reilly Automotive by 22.3% during the first quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock worth $1,822,000 after acquiring an additional 232 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 worth $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Inscription Capital LLC bought a new stake in O'Reilly Automotive during the first quarter worth about $345,000. Clarius Group LLC raised its holdings in O'Reilly Automotive by 4.1% during the first quarter. Clarius Group LLC now owns 565 shares of the specialty retailer's stock worth $809,000 after acquiring an additional 22 shares in the last quarter. Finally, Essex Savings Bank bought a new stake in O'Reilly Automotive during the first quarter worth about $213,000. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORLY shares. Truist Financial upped their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company set a $115.00 price target on O'Reilly Automotive and gave the stock an "overweight" rating in a research report on Wednesday. DA Davidson boosted their price target 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. Evercore ISI boosted their price target 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. Finally, Barclays reissued an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $109.12.

Insider Transactions at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's 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 completion of the transaction, the senior vice president directly owned 12,826 shares in the company, 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 three months. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Down 0.9%

O'Reilly Automotive stock opened at $101.17 on Friday. O'Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The stock's 50 day moving average is $103.86 and its 200-day moving average is $96.30. The company has a market capitalization of $85.84 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 2.70 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 earnings per share. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.