North Star Investment Management Corp. Increases Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• North Star Investment Management Corp. increased its stake in O'Reilly Automotive, acquiring an additional 26,586 shares, resulting in a total holding of 28,485 shares valued at approximately $2.57 million.
• A majority of O'Reilly Automotive's stock (85.00%) is owned by hedge funds and institutional investors, with several funds increasing their positions during the first quarter of the year.
• Analysts have a positive outlook on O'Reilly Automotive, with an average rating of "Buy" and target prices ranging from $104 to $120, indicating strong investor interest and confidence in the company.

North Star Investment Management Corp. lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,485 shares of the specialty retailer's stock after acquiring an additional 26,586 shares during the period. North Star Investment Management Corp.'s holdings in O'Reilly Automotive were worth $2,567,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive during the first quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the first quarter worth approximately $25,000. HighMark Wealth Management LLC grew its position in shares of O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the last quarter. Elequin Capital LP purchased a new position in shares of O'Reilly Automotive during the first quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new position in shares of O'Reilly Automotive during the first quarter worth approximately $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORLY has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Guggenheim lifted their price objective 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. Truist Financial lifted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Finally, Argus initiated coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $103.47 on Thursday. The firm has a market capitalization of $87.79 billion, a P/E ratio of 36.99, a PEG ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $75.32 and a one year high of $108.42. The company's fifty day moving average is $102.07 and its two-hundred day moving average is $94.83.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The company 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 business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction 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 $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 over the last 90 days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Company 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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