O'Reilly Automotive, Inc. $ORLY Shares Bought by Eastern Bank

Key Points

• Eastern Bank has significantly increased its stake in O'Reilly Automotive by 1,272% during the second quarter, bringing its total ownership to 230,978 shares valued at over $20 million.
• Insider selling has occurred, with SVP Carl David Wilbanks selling 88,485 shares for approximately $9 million, representing an 89.57% decrease in his position.
• O'Reilly Automotive reported quarterly earnings of $0.78 per share, meeting analyst expectations, and has provided guidance for FY 2025 EPS between 2.850 and 2.950.

Eastern Bank raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,272.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 230,978 shares of the specialty retailer's stock after buying an additional 214,143 shares during the quarter. Eastern Bank's holdings in O'Reilly Automotive were worth $20,818,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ORLY. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive in the 1st quarter valued at $26,000. Oakworth Capital Inc. grew its stake in shares of O'Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC grew its stake in shares of O'Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 280 shares during the period. Finally, ORG Partners LLC grew its stake in shares of O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 277 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Wednesday. Citigroup upped their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company upped their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Two 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 an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Up 2.4%

Shares of NASDAQ ORLY opened at $102.15 on Friday. The stock has a market cap of $86.67 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.64 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The company's 50-day moving average price is $103.90 and its 200 day moving average price is $96.07.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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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