Meritage Portfolio Management grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,319.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,300 shares of the specialty retailer's stock after purchasing an additional 89,516 shares during the period. Meritage Portfolio Management's holdings in O'Reilly Automotive were worth $8,680,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the first quarter valued at about $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive in the first quarter worth about $26,000. Oakworth Capital Inc. grew its position in O'Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC grew its position in 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 worth $27,000 after acquiring an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its position in O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Price Performance
Shares of NASDAQ:ORLY opened at $102.15 on Friday. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The business has a 50 day simple moving average of $103.90 and a two-hundred day simple moving average of $96.10. The firm has a market capitalization of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting 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 business 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 business earned $10.55 earnings per share. The company's revenue for the quarter 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. Equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
Insider Activity at O'Reilly Automotive
In other news, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred 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 completion of the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive 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 sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on ORLY shares. Citigroup lifted their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. DA Davidson lifted their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets lifted their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. UBS Group lifted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Guggenheim lifted their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $107.17.
Get Our Latest Analysis on ORLY
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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