Busey Bank Grows Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Busey Bank significantly increased its stake in O'Reilly Automotive by 1,384.3% during the second quarter, now holding over 122,000 shares valued at $11 million.
• Brokerage firms have revised their price targets for O'Reilly Automotive, with BMO Capital and Guggenheim both raising their targets to $110.00, while TD Cowen set a new target of $125.00.
• Insider selling has been notable, with the stock's senior vice president selling over 93,000 shares recently, indicating a decrease in insider holdings by approximately 1%.

Busey Bank increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,384.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 122,457 shares of the specialty retailer's stock after acquiring an additional 114,207 shares during the period. Busey Bank's holdings in O'Reilly Automotive were worth $11,037,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. lifted its stake in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Wellington Management Group LLP lifted its stake in O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares in the last quarter. GAMMA Investing LLC lifted its stake in O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Amundi lifted its stake in O'Reilly Automotive by 4.7% during the first quarter. Amundi now owns 734,322 shares of the specialty retailer's stock worth $1,058,345,000 after purchasing an additional 32,917 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in O'Reilly Automotive by 0.8% during the first quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock worth $941,403,000 after purchasing an additional 5,172 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Down 0.1%

O'Reilly Automotive stock traded down $0.14 during midday trading on Tuesday, reaching $103.31. The company's stock had a trading volume of 3,162,943 shares, compared to its average volume of 5,500,884. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.42. The company has a market cap of $87.66 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.74 and a beta of 0.60. The business has a 50-day simple moving average of $101.58 and a 200-day simple moving average of $94.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the firm earned $10.55 earnings per share. O'Reilly Automotive's quarterly 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. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade 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 valued at $12,740,916 in the last three months. Corporate insiders own 1.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on ORLY. Royal Bank Of Canada upped their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. TD Cowen upped their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. BMO Capital Markets increased their price objective on 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, Guggenheim increased their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $107.17.

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.