Pictet North America Advisors SA Purchases 113,563 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Pictet North America Advisors SA significantly increased its holdings in O'Reilly Automotive, acquiring 113,563 shares and boosting their stake by 1,372.4% in the second quarter, raising their total to 121,838 shares.
• Several hedge funds and institutional investors have also increased their positions in O'Reilly Automotive, with notable increases by Wealth Enhancement Advisory Services LLC (16.4%) and Massachusetts Financial Services Co. MA (33.9%).
• Brokerages have raised their price targets on O'Reilly Automotive, with an average target of $107.17, indicating a general sentiment of buy for the stock among analysts.

Pictet North America Advisors SA increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,372.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,838 shares of the specialty retailer's stock after buying an additional 113,563 shares during the period. O'Reilly Automotive accounts for 1.1% of Pictet North America Advisors SA's holdings, making the stock its 29th largest position. Pictet North America Advisors SA's holdings in O'Reilly Automotive were worth $10,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORLY. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of O'Reilly Automotive by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after purchasing an additional 3,272 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 stake in shares of O'Reilly Automotive by 33.9% in the first 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 last quarter. CCM Investment Group LLC bought a new stake in shares of O'Reilly Automotive in the first quarter worth $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of O'Reilly Automotive by 52.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock worth $16,105,000 after purchasing an additional 3,866 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ORLY. Evercore ISI upped their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. DA Davidson upped their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada upped 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 report on Friday, July 25th. Finally, Argus started coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $103.45 on Tuesday. O'Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The stock's 50-day moving average is $101.58 and its 200 day moving average is $94.71. The company has a market cap of $87.78 billion, a PE ratio of 36.98, a P/E/G ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share 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 for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 EPS. The business's revenue for the quarter 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. Analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was 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. This represents a 13.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 595 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

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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