Ipswich Investment Management Co. Inc. grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,350 shares of the specialty retailer's stock after buying an additional 12,460 shares during the quarter. Ipswich Investment Management Co. Inc.'s holdings in O'Reilly Automotive were worth $1,203,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at about $25,000. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at about $26,000. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after buying an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in O'Reilly Automotive in the 1st quarter worth about $30,000. Finally, Saudi Central Bank purchased a new stake in O'Reilly Automotive in the 1st quarter worth about $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
O'Reilly Automotive Price Performance
Shares of ORLY stock opened at $106.10 on Friday. The company has a market capitalization of $90.03 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.76 and a beta of 0.60. The company's 50-day simple moving average is $102.61 and its two-hundred day simple moving average is $95.06. O'Reilly Automotive, Inc. has a one year low of $75.91 and a one year high of $108.42.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. The business 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 for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
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 shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 in the last ninety days. Company insiders own 1.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ORLY shares. Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wolfe Research started coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price objective on the stock. UBS Group increased their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company increased 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. Finally, BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $107.17.
Check Out Our Latest Stock Analysis on O'Reilly Automotive
About O'Reilly Automotive
(
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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