Trust Point Inc. Boosts Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Trust Point Inc. significantly increased its stake in O'Reilly Automotive by 1,381.5% during the second quarter, acquiring a total of 4,089 shares valued at approximately $369,000.
• Several analysts have recently upgraded O'Reilly Automotive's stock ratings, with price targets raised by firms like BMO Capital Markets and Truist Financial, reflecting growing confidence in the company's performance.
• Insider selling activity was noted, with senior executives selling shares, yet they still retain a substantial ownership in the company, indicating mixed signals about future performance.

Trust Point Inc. grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,381.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,089 shares of the specialty retailer's stock after acquiring an additional 3,813 shares during the period. Trust Point Inc.'s holdings in O'Reilly Automotive were worth $369,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the first quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive in the 1st quarter worth about $25,000. HighMark Wealth Management LLC lifted its holdings in shares of 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. Elequin Capital LP bought a new stake in O'Reilly Automotive in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O'Reilly Automotive in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORLY. BMO Capital Markets upped 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. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a report on Monday. Truist Financial upped their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. 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 research report on Monday, July 21st. Finally, Wolfe Research assumed coverage on O'Reilly Automotive in a report on Thursday. They set an "outperform" rating and a $121.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and a consensus target price of $107.17.

Insiders Place Their Bets

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

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $103.93 on Friday. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The company has a 50 day moving average price of $101.37 and a 200 day moving average price of $94.53. The stock has a market capitalization of $88.18 billion, a price-to-earnings 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 quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.