Price T Rowe Associates Inc. MD Acquires 42,074 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Price T Rowe Associates Inc. MD increased its stake in O'Reilly Automotive by 7.9%, acquiring an additional 42,074 shares, bringing its total ownership to approximately 1.00% of the company, valued at about $823 million.
• O'Reilly Automotive reported a net margin of 14.15% and quarterly revenue of $4.53 billion, slightly below analyst expectations, but it maintained an earnings per share (EPS) of $0.78.
• Analysts have set a consensus buy rating for O'Reilly Automotive with an average price target of $104.40, reflecting positive sentiment in the market.

Price T Rowe Associates Inc. MD raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 574,514 shares of the specialty retailer's stock after buying an additional 42,074 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.00% of O'Reilly Automotive worth $823,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive during the first quarter worth $25,000. HWG Holdings LP bought a new position in O'Reilly Automotive during the 1st quarter worth about $26,000. HighMark Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at about $30,000. Finally, Investment Management Corp VA ADV bought a new stake in shares of O'Reilly Automotive in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 1.1%

NASDAQ:ORLY opened at $102.87 on Friday. The stock has a market capitalization of $87.29 billion, a PE ratio of 36.77, a P/E/G ratio of 2.75 and a beta of 0.56. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.86. The firm has a fifty day simple moving average of $95.25 and a 200 day simple moving average of $92.20.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm posted $10.55 earnings per share. The company'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, equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ramon Parises Odems sold 30,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.6967, for a total value of $2,720,900.00. Following the transaction, the senior vice president owned 240 shares of the company's stock, valued at $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,920 shares of company stock worth $15,487,502 in the last three months. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

ORLY has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays reaffirmed an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. Citigroup lifted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Guggenheim boosted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. 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 company's stock. According to MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Buy" and an average price target of $104.40.

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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