New Vernon Investment Management LLC cut its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 81.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the specialty retailer's stock after selling 5,415 shares during the quarter. O'Reilly Automotive makes up approximately 2.3% of New Vernon Investment Management LLC's portfolio, making the stock its 17th largest holding. New Vernon Investment Management LLC's holdings in O'Reilly Automotive were worth $1,719,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ORLY. Bank Pictet & Cie Europe AG grew its position in shares of O'Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after purchasing an additional 1,208 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of O'Reilly Automotive by 10.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 544 shares of the specialty retailer's stock valued at $646,000 after purchasing an additional 53 shares during the last quarter. Comerica Bank grew its position in shares of O'Reilly Automotive by 1.0% in the fourth quarter. Comerica Bank now owns 13,947 shares of the specialty retailer's stock valued at $16,538,000 after purchasing an additional 142 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in shares of O'Reilly Automotive by 410.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 51 shares of the specialty retailer's stock valued at $60,000 after purchasing an additional 41 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in shares of O'Reilly Automotive by 10.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 977 shares of the specialty retailer's stock valued at $1,159,000 after purchasing an additional 93 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at O'Reilly Automotive
In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% 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. Company insiders own 1.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ORLY shares. Guggenheim increased their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI upped their price objective 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. DA Davidson upped their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets upped their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, UBS Group upped their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and an average target price of $104.40.
Check Out Our Latest Analysis on O'Reilly Automotive
O'Reilly Automotive Price Performance
NASDAQ:ORLY traded down $0.31 during trading hours on Monday, reaching $103.68. 2,952,643 shares of the company were exchanged, compared to its average volume of 4,305,795. The firm has a market cap of $87.97 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86. The stock has a 50 day simple moving average of $97.23 and a 200 day simple moving average of $92.99.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O'Reilly Automotive's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
O'Reilly Automotive Company Profile
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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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