Rockland Trust Co. Increases Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Rockland Trust Co. significantly increased its holdings in O'Reilly Automotive by 1,296.7% during the second quarter, now owning 51,595 shares valued at $4.65 million.
• O'Reilly Automotive received positive feedback from multiple analysts, with several raising their target prices, currently averaging around $107.17 and maintaining a general "Buy" rating.
• Insider trading activity included significant sales, with a director and a senior vice president collectively selling over 125,000 shares in the last 90 days.

Rockland Trust Co. boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,296.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,595 shares of the specialty retailer's stock after acquiring an additional 47,901 shares during the quarter. Rockland Trust Co.'s holdings in O'Reilly Automotive were worth $4,650,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive during the first quarter worth $25,000. HighMark Wealth Management LLC raised its stake in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP acquired a new position in O'Reilly Automotive during the first quarter worth $30,000. Finally, Saudi Central Bank acquired a new position in O'Reilly Automotive during the first quarter worth $33,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent analyst reports. Royal Bank Of Canada increased 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. Barclays restated an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Truist Financial lifted their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Citigroup lifted their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Up 0.2%

Shares of ORLY stock traded up $0.24 during trading on Friday, reaching $103.93. 10,047,562 shares of the company's stock were exchanged, compared to its average volume of 4,166,746. The firm's fifty day moving average price is $101.37 and its 200-day moving average price is $94.56. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The stock has a market capitalization of $88.18 billion, a PE ratio of 37.15, a PEG ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its 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. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. Corporate insiders own 1.01% of the company's stock.

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.