Deane Retirement Strategies Inc. increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,430.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,866 shares of the specialty retailer's stock after purchasing an additional 53,151 shares during the period. O'Reilly Automotive makes up about 2.3% of Deane Retirement Strategies Inc.'s holdings, making the stock its 16th biggest holding. Deane Retirement Strategies Inc.'s holdings in O'Reilly Automotive were worth $5,123,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. HWG Holdings LP purchased a new position in O'Reilly Automotive in the 1st quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive in the first quarter worth approximately $25,000. HighMark Wealth Management LLC lifted its position in O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the period. Elequin Capital LP purchased a new position in O'Reilly Automotive in the first quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in O'Reilly Automotive in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on ORLY shares. Citigroup boosted their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. DA Davidson boosted their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Argus began coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Finally, Evercore ISI boosted their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and an average price target of $107.17.
View Our Latest Stock Report on O'Reilly Automotive
O'Reilly Automotive Stock Up 0.2%
ORLY stock traded up $0.24 during trading on Friday, reaching $103.93. The stock had a trading volume of 10,047,562 shares, compared to its average volume of 4,494,938. The company has a market capitalization of $88.18 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 2.74 and a beta of 0.60. The company's 50 day moving average is $101.37 and its two-hundred day moving average is $94.60. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The business 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 business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction 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 sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% 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 over the last quarter. Company insiders own 1.01% of the company's stock.
O'Reilly Automotive Profile
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Free Report)
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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