O'Reilly Automotive, Inc. $ORLY Shares Bought by Appleton Partners Inc. MA

Key Points

• Appleton Partners Inc. MA significantly increased its stake in O'Reilly Automotive by 1,397.8% in the second quarter, acquiring an additional 3,858 shares for a total of 4,134 shares worth approximately $373,000.
• Multiple institutional investors also made large purchases, with Vaughan Nelson Investment Management L.P. boosting its holdings by 1,052.9%, now owning over 1.7 million shares valued at $155.2 million.
• Insiders at O'Reilly Automotive have sold a total of 125,635 shares worth about $12.7 million over the last 90 days, showing a significant decrease in their ownership positions.

Appleton Partners Inc. MA lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,397.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,134 shares of the specialty retailer's stock after purchasing an additional 3,858 shares during the quarter. Appleton Partners Inc. MA's holdings in O'Reilly Automotive were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of O'Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. lifted its position in O'Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in O'Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock valued at $125,150,000 after purchasing an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of O'Reilly Automotive by 1,290.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer's stock valued at $101,627,000 after purchasing an additional 1,050,901 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of O'Reilly Automotive by 1,403.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after buying an additional 714,953 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, 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. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $103.30 on Tuesday. The firm has a 50 day simple moving average of $103.73 and a 200 day simple moving average of $95.86. O'Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The company has a market cap of $87.65 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $10.55 EPS. The company'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 analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the subject of several research reports. 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 note on Friday, July 25th. Truist Financial raised 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. Wells Fargo & Company boosted their target price on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Evercore ISI raised their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Guggenheim lifted their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $107.17.

About O'Reilly Automotive

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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