PICTET BANK & TRUST Ltd Increases Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• PICTET BANK & TRUST Ltd significantly increased its stake in O'Reilly Automotive by 1,400.0% in Q2, now holding a total of 13,920 shares valued at approximately $1.25 million.
• Other hedge funds have also boosted their investments in O'Reilly Automotive, with GAMMA Investing LLC raising its stake by an astonishing 175,115.6%, now owning over 1.8 million shares.
• O'Reilly Automotive reported $0.78 EPS for the last quarter, meeting analysts' expectations, with a revenue of $4.53 billion, reflecting a 5.9% year-over-year increase.

PICTET BANK & TRUST Ltd raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,920 shares of the specialty retailer's stock after buying an additional 12,992 shares during the period. O'Reilly Automotive comprises approximately 1.5% of PICTET BANK & TRUST Ltd's holdings, making the stock its 25th largest position. PICTET BANK & TRUST Ltd's holdings in O'Reilly Automotive were worth $1,255,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ORLY. GAMMA Investing LLC raised its stake in O'Reilly Automotive by 175,115.6% during 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 buying an additional 1,821,202 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of O'Reilly Automotive by 1,403.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after purchasing an additional 714,953 shares in the last quarter. Nuveen LLC purchased a new stake in shares of O'Reilly Automotive in the 1st quarter worth $897,549,000. Argent Capital Management LLC increased its stake in shares of O'Reilly Automotive by 1,379.2% in the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock worth $54,721,000 after purchasing an additional 566,087 shares in the last quarter. Finally, Woodstock Corp increased its stake in shares of O'Reilly Automotive by 1,376.6% in the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after purchasing an additional 545,839 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Trading Down 0.5%

Shares of NASDAQ:ORLY opened at $103.45 on Tuesday. O'Reilly Automotive, Inc. has a 12 month low of $73.33 and a 12 month high of $108.42. The company has a 50-day moving average price of $101.58 and a 200 day moving average price of $94.71. The company has a market cap of $87.78 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60.

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

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the 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 $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORLY shares. Wells Fargo & Company upped their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada upped their price objective 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. Guggenheim upped their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group upped their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Citigroup upped their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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.

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