Mutual Advisors LLC Acquires 8,440 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Mutual Advisors LLC significantly increased its stake in O'Reilly Automotive by purchasing an additional 8,440 shares, raising its holdings by 1,990.6% during the 2nd quarter, valued at approximately $866,000.
• Several institutional investors enhanced their investments in O'Reilly Automotive, with TD Asset Management Inc alone raising its position by 1,214.0%, acquiring nearly 2.2 million shares worth ~$194.6 million.
• Analysts have set new price targets for O'Reilly Automotive, with Wells Fargo assigning a price target of $115.00 and BMO Capital Markets raising theirs from $100.00 to $110.00, reflecting a positive outlook on the stock.

Mutual Advisors LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,990.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,864 shares of the specialty retailer's stock after purchasing an additional 8,440 shares during the quarter. Mutual Advisors LLC's holdings in O'Reilly Automotive were worth $866,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ORLY. TD Asset Management Inc boosted its position in shares of O'Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after acquiring an additional 1,994,449 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of O'Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of O'Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after acquiring an additional 1,474,068 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of O'Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after acquiring an additional 1,298,307 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of O'Reilly Automotive by 1,290.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer's stock worth $101,627,000 after acquiring an additional 1,050,901 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the firm's 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 completion of the transaction, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's 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 directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company set a $115.00 price target on shares of O'Reilly Automotive and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. Evercore ISI increased their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, TD Cowen raised 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 report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $109.12.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock opened at $101.60 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The firm has a market capitalization of $86.21 billion, a P/E ratio of 36.32, a P/E/G ratio of 2.68 and a beta of 0.60. The company's 50 day moving average price is $103.82 and its two-hundred day moving average price is $96.35.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued 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. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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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