HB Wealth Management LLC Has $7.07 Million Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• HB Wealth Management LLC increased its stake in O'Reilly Automotive by 135.7%, owning a total of 4,937 shares valued at approximately $7.07 million.
• Several institutional investors, including Mediolanum International Funds Ltd and DE Burlo Group Inc., have also raised their stakes in O'Reilly Automotive, highlighting strong institutional interest in the company.
• Analysts have given O'Reilly Automotive a consensus rating of "Buy" with an average target price of $102.22, reflecting positive market sentiment towards the stock's future performance.

HB Wealth Management LLC increased its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 135.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,937 shares of the specialty retailer's stock after purchasing an additional 2,842 shares during the quarter. HB Wealth Management LLC's holdings in O'Reilly Automotive were worth $7,073,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares during the last quarter. FMR LLC lifted its position in O'Reilly Automotive by 0.8% in the 4th quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after purchasing an additional 11,039 shares during the last quarter. Invesco Ltd. lifted its position in O'Reilly Automotive by 6.2% in the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock valued at $948,460,000 after purchasing an additional 46,979 shares during the last quarter. Northern Trust Corp raised its holdings in shares of O'Reilly Automotive by 16.9% during the fourth quarter. Northern Trust Corp now owns 651,966 shares of the specialty retailer's stock valued at $773,101,000 after buying an additional 94,457 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of O'Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after buying an additional 147,904 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president owned 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director owned 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock worth $3,022,386 in the last 90 days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Up 0.2%

Shares of ORLY stock traded up $0.21 during trading hours on Wednesday, reaching $99.11. 1,751,035 shares of the stock traded hands, compared to its average volume of 5,698,764. The business has a fifty day moving average price of $91.52 and a 200 day moving average price of $90.07. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $100.60. The firm has a market capitalization of $84.72 billion, a PE ratio of 35.44, a PEG ratio of 2.58 and a beta of 0.58.

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 company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $10.55 EPS. Research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent analyst reports. Guggenheim boosted their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company boosted their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Citigroup boosted their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. 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 research note on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Company 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.