Stock Yards Bank & Trust Co. Acquires 18,867 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Stock Yards Bank & Trust Co. increased its holdings in O'Reilly Automotive by 1,321.2%, acquiring an additional 18,867 shares during the second quarter, bringing its total to 20,295 shares valued at approximately $1.83 million.
• Several hedge funds have also boosted their stakes in O'Reilly Automotive, with 85.00% of the stock being owned by institutional investors.
• Equity research analysts have generally positive ratings on the stock, with an average price target of $107.17 and multiple firms upgrading their price objectives to as high as $115.00.

Stock Yards Bank & Trust Co. raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,321.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,295 shares of the specialty retailer's stock after acquiring an additional 18,867 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in O'Reilly Automotive were worth $1,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted 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 worth $33,227,000 after buying an additional 3,272 shares during the period. Vanguard Group Inc. lifted its holdings in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after buying an additional 75,125 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after buying an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new stake in shares of O'Reilly Automotive in the 1st quarter worth $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of O'Reilly Automotive by 52.4% during the 1st 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ORLY shares. BMO Capital Markets upped their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group upped their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Guggenheim upped their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Performance

Shares of ORLY stock opened at $104.79 on Friday. The firm has a market capitalization of $88.91 billion, a PE ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.10 and a fifty-two week high of $108.71. The stock's 50-day simple moving average is $103.61 and its 200-day simple moving average is $95.72.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated 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 sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last three months. 1.01% of the stock is currently 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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