Janney Montgomery Scott LLC Buys 297,924 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Janney Montgomery Scott LLC significantly increased its stake in O'Reilly Automotive by 1,433.8%, acquiring 297,924 shares, bringing its total holdings to 318,703 shares worth approximately $28.7 million.
• O'Reilly Automotive's stock recently declined by 2.0% and has a market cap of $89.67 billion, with a 52-week range between $75.93 and $108.71.
• In recent analyst reports, O'Reilly Automotive received multiple upgrades, with price targets raised to a range of $104.00 to $125.00, reflecting a consensus rating of "Buy."

Janney Montgomery Scott LLC raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,433.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 318,703 shares of the specialty retailer's stock after buying an additional 297,924 shares during the period. Janney Montgomery Scott LLC's holdings in O'Reilly Automotive were worth $28,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $25,000. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $26,000. Oakworth Capital Inc. lifted its stake in shares of O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 264 shares during the period. ORG Partners LLC lifted its stake in shares of O'Reilly Automotive by 839.4% in the 2nd 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 period. Finally, HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Down 2.0%

Shares of O'Reilly Automotive stock opened at $105.68 on Thursday. The company has a market cap of $89.67 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52 week low of $75.93 and a 52 week high of $108.71. The business has a 50 day moving average price of $103.33 and a 200-day moving average price of $95.47.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior 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, research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. TD Cowen upped their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Citigroup increased their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and a consensus price target of $107.17.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% 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, SVP Carl David Wilbanks sold 88,485 shares of the 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 sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. 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. 1.01% of the stock is owned by company insiders.

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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