O'Reilly Automotive, Inc. $ORLY Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS significantly increased its holdings in O'Reilly Automotive, by 1,454.7% during the 2nd quarter, now owning 318,115 shares valued at approximately $28.67 million.
• O'Reilly Automotive reported earnings of $0.78 EPS for the last quarter, meeting analysts’ expectations, with a year-over-year revenue increase of 5.9%.
• Equities analysts have varying price targets for O'Reilly, with DA Davidson setting a new target of $115.00 and Wolfe Research providing an $121.00 projection, reflecting a generally positive outlook on the stock.

KLP Kapitalforvaltning AS lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,454.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,115 shares of the specialty retailer's stock after purchasing an additional 297,654 shares during the period. KLP Kapitalforvaltning AS's holdings in O'Reilly Automotive were worth $28,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ORLY. Moss Adams Wealth Advisors LLC acquired a new position in shares of O'Reilly Automotive in the 1st quarter worth approximately $213,000. Portside Wealth Group LLC acquired a new position in shares of O'Reilly Automotive in the 1st quarter worth approximately $222,000. CHICAGO TRUST Co NA grew its stake in shares of O'Reilly Automotive by 4.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 315 shares of the specialty retailer's stock worth $451,000 after purchasing an additional 12 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of O'Reilly Automotive by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock worth $1,822,000 after purchasing an additional 232 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of O'Reilly Automotive in the 1st quarter worth approximately $343,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of ORLY opened at $101.85 on Wednesday. The company's 50 day moving average price is $103.79 and its 200 day moving average price is $95.91. 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 capitalization of $86.42 billion, a PE ratio of 36.41, a PEG ratio of 2.73 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm 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 firm posted $10.55 earnings per share. 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 analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORLY shares. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wolfe Research started coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price on the stock. Truist Financial lifted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Finally, TD Cowen lifted their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Two equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $107.17.

Insider Activity at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% 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 that occurred 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 completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Company 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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