Morningstar Investment Management LLC Invests $1.13 Million in O'Reilly Automotive, Inc. $ORLY

Key Points

• Morningstar Investment Management LLC invested $1.13 million in O'Reilly Automotive by acquiring 12,525 shares, indicating a strong interest from institutional investors in the automotive specialty retailer.
• Several analysts updated their price targets for O'Reilly Automotive, with TD Cowen raising the target from $112.00 to $125.00 and maintaining a "buy" rating, reflecting positive market sentiment.
• Insiders sold 125,635 shares of O'Reilly Automotive stock in the last 90 days, suggesting a significant change in their holdings despite the company's strong overall market performance.

Morningstar Investment Management LLC bought a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,525 shares of the specialty retailer's stock, valued at approximately $1,129,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of O'Reilly Automotive by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after purchasing an additional 3,272 shares during the period. Vanguard Group Inc. lifted its holdings in O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after buying an additional 75,125 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in O'Reilly Automotive by 1,063.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer's stock worth $9,724,000 after buying an additional 98,616 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in O'Reilly Automotive by 33.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after buying an additional 147,904 shares during the period. Finally, First Merchants Corp lifted its holdings in O'Reilly Automotive by 1,392.2% in the second quarter. First Merchants Corp now owns 102,875 shares of the specialty retailer's stock worth $9,272,000 after buying an additional 95,981 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. Barclays restated an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a report on Friday, July 25th. TD Cowen raised their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Evercore ISI raised their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. DA Davidson raised their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Argus started coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $107.17.

Insiders Place Their Bets

In related news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $102.88 on Tuesday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The company has a 50 day simple moving average of $103.93 and a two-hundred day simple moving average of $96.17. The company has a market capitalization of $87.29 billion, a price-to-earnings ratio of 36.78, a P/E/G 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 for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm earned $10.55 earnings per share. The business's revenue for the quarter 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. On average, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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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