Perpetual Ltd Purchases 7,295 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Perpetual Ltd significantly increased its holdings in O'Reilly Automotive by 1,293.4%, acquiring an additional 7,295 shares in Q2, bringing its total ownership to 7,859 shares valued at approximately $708,000.
• O'Reilly Automotive's stock has seen notable price target increases from various analysts, with Wells Fargo raising it to $105.00 and BMO Capital Markets setting it at $110.00, indicating a positive outlook on the company.
• Institutional investors currently hold 85.00% of O'Reilly Automotive's stock, showcasing strong interest in the company's potential for growth within the automotive aftermarket segment.

Perpetual Ltd grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,293.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,859 shares of the specialty retailer's stock after purchasing an additional 7,295 shares during the quarter. Perpetual Ltd's holdings in O'Reilly Automotive were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORLY. GAMMA Investing LLC boosted its stake in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares during the last quarter. Nuveen LLC bought a new position in O'Reilly Automotive during the 1st quarter worth approximately $897,549,000. Woodstock Corp boosted its stake in O'Reilly Automotive by 1,376.6% during the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after acquiring an additional 545,839 shares during the last quarter. Swedbank AB boosted its stake in O'Reilly Automotive by 1,463.0% during the 2nd quarter. Swedbank AB now owns 432,565 shares of the specialty retailer's stock worth $38,987,000 after acquiring an additional 404,890 shares during the last quarter. Finally, Sapient Capital LLC lifted its stake in O'Reilly Automotive by 1,378.3% in the second quarter. Sapient Capital LLC now owns 420,797 shares of the specialty retailer's stock valued at $37,926,000 after buying an additional 392,333 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORLY. Royal Bank Of Canada lifted 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. Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. TD Cowen lifted their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. Argus initiated 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, Barclays reiterated an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a report 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $107.17.

Insider Activity

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred 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 directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Stock Down 0.4%

Shares of O'Reilly Automotive stock traded down $0.46 during trading on Tuesday, reaching $102.99. The company's stock had a trading volume of 2,601,649 shares, compared to its average volume of 5,497,691. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The business's 50-day moving average price is $101.58 and its 200-day moving average price is $94.71. The firm has a market cap of $87.39 billion, a PE ratio of 36.86, a P/E/G 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 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $4.54 billion. During the same quarter in the previous year, the firm earned $10.55 earnings per share. The business'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. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.