Legacy Wealth Asset Management LLC Acquires 23,093 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Legacy Wealth Asset Management LLC significantly increased its holdings in O'Reilly Automotive by 1,359.2%, acquiring an additional 23,093 shares, bringing their total ownership to 24,792 shares valued at approximately $2.23 million.
• Several other institutional investors also boosted their stakes in O'Reilly Automotive, with notable increases from William Blair Investment Management LLC (1,269.2%) and TD Asset Management Inc (1,214.0%).
• After the latest earnings report, O'Reilly Automotive's stock has received positive ratings from analysts, including buy ratings and target price upgrades, with a consensus target of $110.04.

Legacy Wealth Asset Management LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,359.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,792 shares of the specialty retailer's stock after acquiring an additional 23,093 shares during the period. Legacy Wealth Asset Management LLC's holdings in O'Reilly Automotive were worth $2,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in O'Reilly Automotive by 1.5% in the 1st 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 in the last quarter. William Blair Investment Management LLC boosted its stake in O'Reilly Automotive by 1,269.2% in the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock valued at $319,428,000 after acquiring an additional 3,285,249 shares during the last quarter. TD Asset Management Inc boosted its stake in O'Reilly Automotive by 1,214.0% in the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock valued at $194,567,000 after acquiring an additional 1,994,449 shares during the last quarter. Wellington Management Group LLP boosted its stake in O'Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after acquiring an additional 330,964 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in O'Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after acquiring an additional 1,573,010 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock opened at $100.97 on Tuesday. The firm's fifty day moving average price is $103.77 and its 200-day moving average price is $96.41. The stock has a market cap of $85.67 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm 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 company posted $10.55 earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Transactions at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction 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 owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly owned 15,935 shares in the company, valued at approximately $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 three months, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORLY shares. Truist Financial boosted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Guggenheim upped their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays restated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Argus initiated coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.04.

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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