Ritholtz Wealth Management Increases Holdings in O'Reilly Automotive, Inc. $ORLY

Ritholtz Wealth Management grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,458.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,028 shares of the specialty retailer's stock after acquiring an additional 39,331 shares during the period. Ritholtz Wealth Management's holdings in O'Reilly Automotive were worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Vanguard Group Inc. increased its holdings 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. Prime Capital Investment Advisors LLC increased its holdings in shares of O'Reilly Automotive by 1,063.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer's stock worth $9,724,000 after purchasing an additional 98,616 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings 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. Finally, First Merchants Corp increased its holdings in shares of O'Reilly Automotive by 1,392.2% in the second quarter. First Merchants Corp now owns 102,875 shares of the specialty retailer's stock worth $9,272,000 after purchasing an additional 95,981 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORLY has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Barclays reaffirmed an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. BMO Capital Markets lifted their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, TD Cowen lifted their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $109.12.

Insiders Place Their Bets

In other news, Director Maria Sastre sold 595 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $102.12 on Thursday. The business's 50 day moving average is $103.90 and its two-hundred day moving average is $96.26. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The stock has a market capitalization of $86.65 billion, a P/E ratio of 36.51, a PEG ratio of 2.72 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share 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 company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm posted $10.55 earnings per share. The firm'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. As a group, equities research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.

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