Hengehold Capital Management LLC Acquires 6,716 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Hengehold Capital Management LLC significantly increased its stake in O'Reilly Automotive by 1,646.1%, acquiring an additional 6,716 shares, bringing its total holdings to 7,124 shares valued at approximately $642,000.
• Several institutional investors have also made notable investments in O'Reilly Automotive, with 85% of the company's stock now held by hedge funds and other entities.
• Analysts have raised their price targets for O'Reilly Automotive, with target increases to as high as $125.00 from previous levels, showing a strong overall consensus rating of "Buy."

Hengehold Capital Management LLC lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,646.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,124 shares of the specialty retailer's stock after acquiring an additional 6,716 shares during the period. Hengehold Capital Management LLC's holdings in O'Reilly Automotive were worth $642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive in the first quarter valued at approximately $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive during the first quarter worth about $26,000. ORG Partners LLC grew its position in shares of O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 277 shares during the last quarter. HighMark Wealth Management LLC boosted its position in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the last quarter. Finally, Elequin Capital LP purchased a new position in shares of O'Reilly Automotive in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents 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 valued at $12,740,916 in the last quarter. Company insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORLY. DA Davidson boosted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays reissued an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. TD Cowen upped their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company raised their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Price Performance

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 business has a 50 day simple moving average of $102.61 and a two-hundred day simple moving average of $95.11. The stock has a market capitalization of $90.03 billion, a PE ratio of 37.93, a P/E/G ratio of 2.80 and a beta of 0.60.

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