O'Reilly Automotive, Inc. $ORLY Stock Position Lifted by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA significantly increased its position in O'Reilly Automotive by 1,400.0%, now owning 6,600 shares worth approximately $594,000.
• Insider selling includes SVP Carl David Wilbanks, who sold 88,485 shares for over $9 million, indicating a 89.57% decrease in his holding.
• Research analysts have raised their target prices for O'Reilly Automotive, with UBS Group increasing its target from $105.00 to $115.00 and several others also issuing buy ratings.

Jacobs & Co. CA lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,600 shares of the specialty retailer's stock after purchasing an additional 6,160 shares during the quarter. Jacobs & Co. CA's holdings in O'Reilly Automotive were worth $594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ORLY. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive during the first quarter worth about $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter worth about $26,000. HighMark Wealth Management LLC grew its holdings in O'Reilly Automotive by 185.7% during the first 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 acquired a new position in O'Reilly Automotive during the first quarter worth about $30,000. Finally, Saudi Central Bank acquired a new position in O'Reilly Automotive during the first quarter worth about $33,000. Institutional investors own 85.00% of the company's stock.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was 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 directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $500,303.50. Following the sale, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. The trade was a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ORLY shares. UBS Group lifted their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Truist Financial lifted their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. DA Davidson lifted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Barclays reaffirmed an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $104.40.

O'Reilly Automotive Trading Down 0.3%

Shares of ORLY opened at $107.50 on Friday. The business's 50-day moving average price is $100.11 and its 200 day moving average price is $94.03. The stock has a market capitalization of $91.21 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.85 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42.

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, hitting 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company posted $10.55 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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