O'Reilly Automotive, Inc. $ORLY Shares Acquired by Brown Miller Wealth Management LLC

Key Points

• Brown Miller Wealth Management LLC significantly increased its stake in O'Reilly Automotive by 1,400.0%, acquiring a total of 3,195 shares valued at approximately $288,000.
• Insider sell-offs included two senior vice presidents, with Shari Lynne Reaves selling 2,000 shares and Mark Joseph Merz selling 5,050 shares, indicating a notable decrease in their ownership positions.
• Analysts have set a consensus target price of $107.17 for O'Reilly Automotive, with TD Cowen raising their target from $112.00 to $125.00 and maintaining a "buy" rating.

Brown Miller Wealth Management LLC boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,195 shares of the specialty retailer's stock after acquiring an additional 2,982 shares during the period. Brown Miller Wealth Management LLC's holdings in O'Reilly Automotive were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Adero Partners LLC increased its position in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after purchasing an additional 8 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after acquiring an additional 8 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of O'Reilly Automotive by 1.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock valued at $953,000 after acquiring an additional 8 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of O'Reilly Automotive by 3.2% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock worth $417,000 after acquiring an additional 9 shares during 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 related news, SVP Shari Lynne Reaves sold 2,000 shares of the 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 completion of the sale, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last 90 days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

ORLY opened at $104.79 on Friday. O'Reilly Automotive, Inc. has a one year low of $76.10 and a one year high of $108.71. The stock has a market capitalization of $88.91 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The business's 50-day simple moving average is $103.61 and its 200-day simple moving average is $95.72.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $4.54 billion. During the same quarter last year, the business posted $10.55 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on ORLY shares. TD Cowen lifted their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. BMO Capital Markets boosted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Barclays reaffirmed an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. UBS Group increased their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $107.17.

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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

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.