Signaturefd LLC Increases Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Signaturefd LLC significantly increased its stake in O'Reilly Automotive by 1,377.2% in Q2, now owning over 23,000 shares valued at approximately $2.08 million.
• O'Reilly Automotive's stock recently increased by 1.5% and is currently trading around $106.10, with a market cap of $90.03 billion.
• Analysts have raised their price targets for O'Reilly Automotive, with estimates ranging from $105 to $113, reflecting a general optimism about the company's performance.

Signaturefd LLC boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,377.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,030 shares of the specialty retailer's stock after purchasing an additional 21,471 shares during the quarter. Signaturefd LLC's holdings in O'Reilly Automotive were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ORLY. Bank of Jackson Hole Trust acquired a new stake in O'Reilly Automotive during the first quarter valued at $25,000. HWG Holdings LP bought a new position in shares of O'Reilly Automotive during the first quarter worth approximately $26,000. ORG Partners LLC boosted its position in O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after buying an additional 277 shares in the last quarter. HighMark Wealth Management LLC increased its stake in O'Reilly Automotive by 185.7% in the first 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 in the last quarter. Finally, Elequin Capital LP bought a new position in shares of O'Reilly Automotive during the 1st quarter valued at approximately $30,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Up 1.5%

Shares of O'Reilly Automotive stock opened at $106.10 on Friday. O'Reilly Automotive, Inc. has a 52 week low of $75.91 and a 52 week high of $108.42. The business has a 50 day moving average price of $102.61 and a 200-day moving average price of $95.11. The company has a market cap of $90.03 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60.

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 for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORLY shares. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Guggenheim raised their price target 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, BMO Capital Markets boosted their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $107.17.

Insider Activity at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the sale, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm'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 transaction 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. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

About O'Reilly Automotive

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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