Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 686,841 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in O'Reilly Automotive by 1,310.1%, acquiring 686,841 shares during the second quarter, now holding a total of 739,269 shares worth $66.63 million.
• Analysts have a consensus Moderate Buy rating on O'Reilly Automotive, with target prices raised by several firms, including TD Cowen increasing it to $125.00.
• In the latest quarter, O'Reilly Automotive reported $0.85 earnings per share, exceeding estimates, and experienced a revenue increase of 7.8% year-over-year, amounting to $4.71 billion.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,310.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 739,269 shares of the specialty retailer's stock after acquiring an additional 686,841 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.09% of O'Reilly Automotive worth $66,630,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ORLY. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive in the first quarter valued at about $25,000. Oakworth Capital Inc. lifted its stake in shares of O'Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after buying an additional 280 shares during the period. ORG Partners LLC lifted its stake in shares of O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after buying an additional 277 shares during the period. Finally, Elequin Capital LP bought a new stake in shares of O'Reilly Automotive in the first quarter valued at about $30,000. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Royal Bank Of Canada increased their target price 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. TD Cowen increased their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Evercore ISI increased their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $111.12.

O'Reilly Automotive Stock Down 0.1%

NASDAQ:ORLY opened at $101.21 on Thursday. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The firm has a market capitalization of $85.88 billion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The firm has a 50-day moving average price of $103.73 and a 200 day moving average price of $96.48.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the prior year, the business posted $11.41 earnings per share. The company's quarterly revenue was up 7.8% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% 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 worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Company 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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