Ieq Capital LLC Acquires 3,112 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Ieq Capital LLC increased its stake in O'Reilly Automotive by 104.5%, acquiring an additional 3,112 shares, bringing its total holdings to 6,089 shares worth approximately $8.7 million.
• Multiple institutional investors, including Wealth Enhancement Advisory Services and Vanguard Group, also increased their stakes in O'Reilly Automotive during the first quarter, indicating growing confidence in the company.
• Analyst ratings for O'Reilly Automotive have been generally positive, with several firms raising their price targets and ratings, contributing to a current average rating of "Buy" and a consensus price target of $104.40.

Ieq Capital LLC increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 104.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,089 shares of the specialty retailer's stock after purchasing an additional 3,112 shares during the quarter. Ieq Capital LLC's holdings in O'Reilly Automotive were worth $8,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of O'Reilly Automotive by 1.5% in 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 last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of O'Reilly Automotive by 33.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after purchasing an additional 147,904 shares during the last quarter. CCM Investment Group LLC bought a new stake in shares of O'Reilly Automotive in the first quarter worth about $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of O'Reilly Automotive by 52.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock worth $16,105,000 after purchasing an additional 3,866 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,635 shares of company stock worth $15,461,816 over the last 90 days. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Barclays reaffirmed an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. BMO Capital Markets lifted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $104.40.

O'Reilly Automotive Stock Performance

ORLY stock opened at $104.05 on Thursday. The firm has a 50 day moving average price of $96.38 and a 200-day moving average price of $92.60. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86. The firm has a market capitalization of $88.29 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.72 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting 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 analyst estimates of $4.54 billion. During the same period in the previous year, the business earned $10.55 EPS. The firm's revenue for the quarter 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. As a group, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share 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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