Hartford Investment Management Co. Buys 48,181 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Hartford Investment Management Co. significantly increased its stake in O'Reilly Automotive by 1,371.5% during the second quarter, acquiring an additional 48,181 shares to reach a total of 51,694 shares valued at $4.66 million.
• Institutional investors own 85% of O'Reilly's stock, indicating strong confidence in the company's performance, with notable increases from firms like Vanguard and GAMMA Investing LLC.
• Analysts have generally rated O'Reilly Automotive as a Buy, with Citigroup and JPMorgan Chase boosting their price targets, contributing to a consensus price target of $107.17.

Hartford Investment Management Co. grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,371.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,694 shares of the specialty retailer's stock after acquiring an additional 48,181 shares during the period. Hartford Investment Management Co.'s holdings in O'Reilly Automotive were worth $4,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares during the period. Wellington Management Group LLP grew its holdings in O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares during the period. GAMMA Investing LLC grew its holdings in O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. Farther Finance Advisors LLC grew its holdings in O'Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after purchasing an additional 714,953 shares during the period. Finally, Amundi grew its holdings in O'Reilly Automotive by 4.7% during the first quarter. Amundi now owns 734,322 shares of the specialty retailer's stock worth $1,058,345,000 after purchasing an additional 32,917 shares during the period. Institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 approximately $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 have sold a total of 125,635 shares of company stock valued at $12,740,916 in the last three months. Corporate insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ORLY shares. Citigroup lifted 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. Barclays restated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price objective for the company. Finally, DA Davidson boosted their price objective on O'Reilly Automotive from $107.00 to $115.00 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Up 1.5%

NASDAQ ORLY opened at $106.10 on Friday. O'Reilly Automotive, Inc. has a 1-year low of $75.91 and a 1-year high of $108.42. The company has a 50 day moving average of $102.61 and a 200-day moving average of $95.06. The company has a market cap of $90.03 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.76 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting 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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $10.55 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O'Reilly Automotive 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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