O'Reilly Automotive, Inc. $ORLY Shares Acquired by Penobscot Investment Management Company Inc.

Key Points

• Penobscot Investment Management Company Inc. increased its stake in O'Reilly Automotive by 1,400.0% during the second quarter, bringing its total holdings to 4,575 shares valued at approximately $412,000.
• Multiple institutional investors, including LGT Fund Management and QRG Capital Management, have significantly boosted their positions in O'Reilly Automotive, with ownership among institutional investors now at 85.00%.
• O'Reilly Automotive's stock has received positive feedback from analysts, with target prices raised by several firms, indicating a consensus rating of "Buy" and an average price target of $107.17.

Penobscot Investment Management Company Inc. lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,575 shares of the specialty retailer's stock after purchasing an additional 4,270 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in O'Reilly Automotive were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LGT Fund Management Co Ltd. raised its position in shares of O'Reilly Automotive by 1,751.0% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 22,545 shares of the specialty retailer's stock worth $2,032,000 after purchasing an additional 21,327 shares during the period. Quent Capital LLC increased its position in O'Reilly Automotive by 1,370.4% in the 2nd quarter. Quent Capital LLC now owns 5,970 shares of the specialty retailer's stock valued at $538,000 after acquiring an additional 5,564 shares during the period. 111 Capital acquired a new stake in O'Reilly Automotive in the 2nd quarter valued at approximately $3,416,000. Ameriflex Group Inc. acquired a new stake in O'Reilly Automotive in the 2nd quarter valued at approximately $36,000. Finally, QRG Capital Management Inc. increased its position in O'Reilly Automotive by 2,194.0% in the 2nd quarter. QRG Capital Management Inc. now owns 76,254 shares of the specialty retailer's stock valued at $6,873,000 after acquiring an additional 72,930 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O'Reilly Automotive

In related news, 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 transaction of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 in the last ninety days. Company insiders own 1.01% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ORLY. Evercore ISI raised their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Truist Financial raised their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada raised their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Guggenheim raised their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Citigroup lifted their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two equities research 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 MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Stock Down 0.2%

Shares of O'Reilly Automotive stock opened at $104.79 on Friday. The stock has a market cap of $88.91 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The business has a fifty day simple moving average of $103.61 and a 200-day simple moving average of $95.72. O'Reilly Automotive, Inc. has a 12 month low of $76.10 and a 12 month high of $108.71.

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 business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's revenue was up 5.9% compared to the same quarter last year. 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. Analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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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