Invesco LLC increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,412.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,841 shares of the specialty retailer's stock after acquiring an additional 3,587 shares during the quarter. Invesco LLC's holdings in O'Reilly Automotive were worth $346,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive in the first quarter valued at $26,000. ORG Partners LLC boosted its position in O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. HighMark Wealth Management LLC grew its holdings in O'Reilly Automotive by 185.7% during the 1st 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 period. Finally, Elequin Capital LP bought a new position in shares of O'Reilly Automotive in the 1st quarter worth about $30,000. 85.00% of the stock is currently owned by institutional investors.
Insider Buying and Selling at O'Reilly Automotive
In other news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. TD Cowen upped their target price 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. Truist Financial boosted their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $107.17.
Check Out Our Latest Stock Report on ORLY
O'Reilly Automotive Stock Up 1.5%
Shares of ORLY opened at $106.10 on Monday. O'Reilly Automotive, Inc. has a 12-month low of $75.91 and a 12-month high of $108.42. The business's fifty day moving average is $102.61 and its 200 day moving average is $95.18. The stock has a market cap of $90.03 billion, a P/E 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 quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting 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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the business posted $10.55 EPS. O'Reilly Automotive's quarterly revenue 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. On average, analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.
O'Reilly Automotive Company Profile
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Free Report)
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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