O'Reilly Automotive, Inc. $ORLY Shares Acquired by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC significantly increased its shareholding in O'Reilly Automotive by 1,413.8%, holding 200,671 shares valued at approximately $18 million.
• Multiple analysts upgraded their price targets for O'Reilly Automotive, with DA Davidson raising it from $107 to $115 and TD Cowen increasing it from $112 to $125, sustaining a general "buy" rating.
• O'Reilly Automotive reported a revenue of $4.53 billion in its last quarterly earnings, which was slightly below analysts' expectations, with a net margin of 14.15%.

Forvis Mazars Wealth Advisors LLC raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,413.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,671 shares of the specialty retailer's stock after acquiring an additional 187,415 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in O'Reilly Automotive were worth $18,086,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $25,000. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $26,000. Oakworth Capital Inc. increased its position in shares of O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC increased its position in shares of O'Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 280 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. TD Cowen lifted their price objective 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. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price objective for the company. Finally, Argus assumed coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.12.

O'Reilly Automotive Stock Up 0.4%

NASDAQ ORLY opened at $101.60 on Friday. O'Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The stock has a market capitalization of $86.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The firm has a 50 day moving average of $103.82 and a two-hundred day moving average of $96.35.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business posted $10.55 EPS. The firm's 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 Activity

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the business's 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 completion of the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 595 shares of the business's 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 owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,635 shares of company stock worth $12,740,916. 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.

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