O'Reilly Automotive, Inc. $ORLY Shares Bought by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC significantly increased its stake in O'Reilly Automotive by 1,220.9% during the second quarter, now owning 3,989 shares valued at approximately $360,000.
• Multiple institutional investors have also increased their holdings, with notable increases from Vaughan Nelson Investment Management (1,052.9% increase) and Congress Asset Management (1,385.2% increase).
• Analysts have raised their price targets for O'Reilly Automotive, with TD Cowen setting their target at $125.00 and maintaining a "buy" rating, reflecting a positive outlook for the stock.

Verdence Capital Advisors LLC increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,220.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,989 shares of the specialty retailer's stock after purchasing an additional 3,687 shares during the period. Verdence Capital Advisors LLC's holdings in O'Reilly Automotive were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ORLY. Vaughan Nelson Investment Management L.P. boosted its stake in O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after purchasing an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. boosted its stake in O'Reilly Automotive by 1,385.2% in the 2nd 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in O'Reilly Automotive by 1,438.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after purchasing an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in 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 acquiring an additional 1,050,901 shares during the period. Finally, Blair William & Co. IL lifted its stake in O'Reilly Automotive by 1,377.8% during the 2nd quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer's stock valued at $97,305,000 after acquiring an additional 1,006,559 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 research note on Monday, September 15th. Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada lifted their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. BMO Capital Markets lifted their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, 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 research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.12.

O'Reilly Automotive Price Performance

NASDAQ:ORLY opened at $102.12 on Thursday. The firm has a market cap of $86.65 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. The company has a 50 day moving average price of $103.90 and a 200-day moving average price of $96.26. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the business's 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 completion of the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. Company insiders own 1.01% of the company's stock.

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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