Hartline Investment Corp Acquires 24,934 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Hartline Investment Corp increased its stake in O'Reilly Automotive by 1,400% during Q2, acquiring 24,934 shares to hold a total of 26,715 shares worth approximately $2.41 million.
• O'Reilly Automotive reported a net revenue of $4.53 billion in the last quarter, which was a 5.9% increase year-over-year, and met consensus EPS expectations of $0.78.
• Institutional ownership of O'Reilly Automotive is strong, with approximately 85% of the stock held by institutional investors and hedge funds.

Hartline Investment Corp grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,715 shares of the specialty retailer's stock after buying an additional 24,934 shares during the period. Hartline Investment Corp's holdings in O'Reilly Automotive were worth $2,408,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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. TD Asset Management Inc raised its position in shares of O'Reilly Automotive by 1,214.0% during the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after purchasing an additional 1,994,449 shares during the period. Wellington Management Group LLP raised its position in shares of 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. Vaughan Nelson Investment Management L.P. raised its position in shares of O'Reilly Automotive by 1,052.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after purchasing an additional 1,573,010 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of O'Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock opened at $101.60 on Friday. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The firm has a market cap of $86.21 billion, a PE ratio of 36.32, a P/E/G ratio of 2.67 and a beta of 0.60. The stock has a fifty day moving average price of $103.82 and a 200-day moving average price of $96.34.

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. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $10.55 EPS. The business'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. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

ORLY has been the topic of a number of research reports. Wells Fargo & Company set a $115.00 target price on O'Reilly Automotive and gave the stock an "overweight" rating in a research report on Wednesday. Truist Financial increased their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. TD Cowen increased their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, September 15th. UBS Group reissued a "buy" rating and issued a $120.00 price target (up from $115.00) on shares of O'Reilly Automotive in a research report on Wednesday. Finally, Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. One equities research 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.12.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction 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 $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

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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