Hemington Wealth Management Purchases 2,931 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Hemington Wealth Management significantly increased its stake in O'Reilly Automotive by purchasing an additional 2,931 shares, bringing its total holdings to 3,138 shares worth approximately $282,000.
• O'Reilly Automotive recently reported earnings of $0.78 per share, meeting analyst expectations, with a revenue of $4.53 billion for the quarter.
• Analysts have raised price targets for O'Reilly Automotive, with DA Davidson increasing their target to $115.00 and TD Cowen raising theirs to $125.00, both assigning a "buy" rating to the stock.

Hemington Wealth Management grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,415.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,138 shares of the specialty retailer's stock after buying an additional 2,931 shares during the quarter. Hemington Wealth Management's holdings in O'Reilly Automotive were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its stake in O'Reilly Automotive by 1,533.0% during the second quarter. Fifth Third Wealth Advisors LLC now owns 25,115 shares of the specialty retailer's stock worth $2,264,000 after buying an additional 23,577 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of O'Reilly Automotive during the second quarter valued at approximately $231,000. Lester Murray Antman dba SimplyRich grew its stake in shares of O'Reilly Automotive by 1,452.3% during the second quarter. Lester Murray Antman dba SimplyRich now owns 4,005 shares of the specialty retailer's stock valued at $360,000 after purchasing an additional 3,747 shares during the last quarter. Financial Connections Group Inc. grew its stake in shares of O'Reilly Automotive by 1,400.0% during the second quarter. Financial Connections Group Inc. now owns 495 shares of the specialty retailer's stock valued at $44,000 after purchasing an additional 462 shares during the last quarter. Finally, Cross Staff Investments Inc grew its stake in shares of O'Reilly Automotive by 1,400.0% during the second quarter. Cross Staff Investments Inc now owns 6,000 shares of the specialty retailer's stock valued at $541,000 after purchasing an additional 5,600 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Stock Performance

Shares of ORLY stock opened at $102.15 on Friday. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock has a market cap of $86.67 billion, a PE ratio of 36.52, a PEG ratio of 2.64 and a beta of 0.60. The firm's 50 day moving average price is $103.90 and its two-hundred day moving average price is $96.07.

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

Analyst Ratings Changes

Several analysts have recently commented on ORLY shares. DA Davidson increased their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. TD Cowen increased their price target on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Wells Fargo & Company increased their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wolfe Research started coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. Finally, Truist Financial increased their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $107.17.

Insider Activity

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

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.

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