Lockerman Financial Group Inc. bought a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,400 shares of the specialty retailer's stock, valued at approximately $216,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Fifth Third Wealth Advisors LLC boosted its position in shares of O'Reilly Automotive by 31.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,538 shares of the specialty retailer's stock valued at $2,203,000 after acquiring an additional 368 shares during the last quarter. Czech National Bank lifted its position in O'Reilly Automotive by 5.5% in the first quarter. Czech National Bank now owns 13,202 shares of the specialty retailer's stock worth $18,913,000 after buying an additional 684 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in O'Reilly Automotive by 3.1% in the first quarter. Baker Tilly Wealth Management LLC now owns 740 shares of the specialty retailer's stock worth $1,060,000 after buying an additional 22 shares during the last quarter. NBC Securities Inc. lifted its position in O'Reilly Automotive by 140,100.0% in the first quarter. NBC Securities Inc. now owns 1,402 shares of the specialty retailer's stock worth $2,008,000 after buying an additional 1,401 shares during the last quarter. Finally, Merit Financial Group LLC lifted its position in O'Reilly Automotive by 25.9% in the first quarter. Merit Financial Group LLC now owns 1,971 shares of the specialty retailer's stock worth $2,824,000 after buying an additional 406 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Truist Financial increased their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Royal Bank Of Canada increased their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. DA Davidson raised their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, BMO Capital Markets raised their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and a consensus target price of $107.17.
View Our Latest Analysis on ORLY
Insider Transactions at O'Reilly Automotive
In related news, SVP Mark Joseph Merz sold 5,050 shares of the company's 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 sale, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last ninety days. Corporate insiders own 1.01% of the company's stock.
O'Reilly Automotive Stock Performance
Shares of ORLY stock opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $108.42. The firm has a market capitalization of $91.26 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 2.80 and a beta of 0.60. The stock's 50-day simple moving average is $102.87 and its 200-day simple moving average is $95.31.
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 for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm earned $10.55 earnings per share. The company's 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. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share 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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