O'Reilly Automotive, Inc. $ORLY Shares Purchased by Argonautica Private Wealth Management Inc.

Key Points

• Argonautica Private Wealth Management Inc. increased its holdings in O'Reilly Automotive by 1,422.1% during the second quarter, acquiring an additional 9,670 shares worth $933,000.
• Several institutional investors, including William Blair Investment Management LLC and TD Asset Management Inc., also significantly raised their stakes in O'Reilly Automotive, with ownership collectively representing 85.00% of the company's stock.
• O'Reilly Automotive reported a net margin of 14.15% for the quarter, with revenue reaching $4.53 billion, reflecting a 5.9% year-over-year increase.

Argonautica Private Wealth Management Inc. increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,422.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,350 shares of the specialty retailer's stock after acquiring an additional 9,670 shares during the quarter. Argonautica Private Wealth Management Inc.'s holdings in O'Reilly Automotive were worth $933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORLY. William Blair Investment Management LLC raised its stake in O'Reilly Automotive by 1,269.2% during the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock worth $319,428,000 after acquiring an additional 3,285,249 shares during the period. TD Asset Management Inc raised its stake in O'Reilly Automotive by 1,214.0% during the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after acquiring an additional 1,994,449 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in O'Reilly Automotive by 1,052.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after acquiring an additional 1,573,010 shares during the period. Congress Asset Management Co. raised its stake in O'Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after acquiring an additional 1,474,068 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in O'Reilly Automotive by 1,438.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after acquiring an additional 1,298,307 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 29,505 shares of the firm'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 owned 4,234 shares in the company, valued at $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's 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 transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 over the last ninety days. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $101.31 on Wednesday. O'Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The firm has a market capitalization of $85.96 billion, a PE ratio of 36.22, a P/E/G ratio of 2.67 and a beta of 0.60. The company's 50 day simple moving average is $103.76 and its 200 day simple moving average is $96.45.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of several research reports. Truist Financial increased their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group reiterated a "buy" rating and set a $120.00 price objective (up previously from $115.00) on shares of O'Reilly Automotive in a research note on Wednesday, October 15th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Royal Bank Of Canada raised their price target 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. Finally, Argus started coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target on the stock. One investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.04.

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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