NBT Bank N A NY Buys 6,019 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• NBT Bank N A NY significantly increased its investment in O'Reilly Automotive by acquiring 6,019 additional shares, bringing its total holdings to 6,540 shares valued at $589,000.
• O'Reilly Automotive's shares received numerous upgrades from analysts, with three firms raising their price targets above $110 and the stock currently holding an average rating of "Buy."
• The company's stock recently opened at $100.76 and has experienced a revenue increase of 5.9% year-over-year, with quarterly earnings meeting analysts' expectations at $0.78 per share.

NBT Bank N A NY grew its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,155.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,540 shares of the specialty retailer's stock after acquiring an additional 6,019 shares during the quarter. NBT Bank N A NY's holdings in O'Reilly Automotive were worth $589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased 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 valued at $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after acquiring an additional 75,125 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in O'Reilly Automotive by 1,063.1% in the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in O'Reilly Automotive by 33.9% in the 1st 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 in the last quarter. Finally, CCM Investment Group LLC bought a new stake in O'Reilly Automotive in the 1st quarter worth about $4,672,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ORLY shares. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Evercore ISI lifted their price objective on 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 lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Down 1.1%

ORLY stock opened at $100.76 on Thursday. O'Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71. The stock has a market cap of $85.49 billion, a P/E ratio of 36.02, a PEG ratio of 2.69 and a beta of 0.60. The business's 50-day moving average price is $103.81 and its 200-day moving average price is $95.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm earned $10.55 EPS. The business's quarterly 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. On average, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other 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 transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last 90 days. Insiders own 1.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.