Palumbo Wealth Management LLC Acquires 33,640 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Palumbo Wealth Management LLC significantly increased its holdings in O'Reilly Automotive by 1,421.2%, acquiring an additional 33,640 shares, bringing its total to 36,007 shares valued at approximately $3,245,000.
• Insider trading activity includes the sale of 125,635 shares of O'Reilly Automotive stock, totaling about $12.74 million over the last quarter, demonstrating a marked decrease in ownership stakes among executives.
• Several analysts have upgraded their price targets for O'Reilly Automotive, with the average target now at $107.17, reflecting strong confidence in the company's ongoing performance and outlook.

Palumbo Wealth Management LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,421.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,007 shares of the specialty retailer's stock after buying an additional 33,640 shares during the period. O'Reilly Automotive makes up 1.0% of Palumbo Wealth Management LLC's portfolio, making the stock its 24th biggest position. Palumbo Wealth Management LLC's holdings in O'Reilly Automotive were worth $3,245,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after acquiring an additional 3,272 shares during the period. Vanguard Group Inc. boosted its holdings in O'Reilly Automotive by 1.5% in 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 during the last quarter. Massachusetts Financial Services Co. MA grew its position in O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after purchasing an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new stake in O'Reilly Automotive during the 1st quarter valued at $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of O'Reilly Automotive by 52.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock valued at $16,105,000 after buying an additional 3,866 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value 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. The trade was a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm'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 transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last quarter. Company insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of research reports. BMO Capital Markets upped their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. UBS Group boosted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Truist Financial raised their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada boosted their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company's stock. 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 Price Performance

Shares of ORLY stock opened at $103.47 on Thursday. O'Reilly Automotive, Inc. has a one year low of $75.32 and a one year high of $108.42. The company's fifty day moving average price is $102.07 and its 200-day moving average price is $94.83. The company has a market capitalization of $87.79 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.74 and a beta of 0.60.

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 for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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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