Walker Asset Management LLC Increases Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Walker Asset Management LLC substantially increased its stake in O'Reilly Automotive, Inc., growing holdings by 1,420.0% in Q2, now owning 146,574 shares, which represents 7.6% of its total holdings.
• Several research analysts have upgraded their price targets for O'Reilly Automotive, with TD Cowen raising theirs from $112.00 to $125.00, maintaining a "buy" rating, and an average price target of $107.17 across ratings.
• Insider sales included significant transactions, with SVP Mark Joseph Merz selling 29,505 shares worth nearly $2.9 million, and SVP Carl David Wilbanks selling 88,485 shares for around $9 million, reflecting substantial insider selling activity.

Walker Asset Management LLC grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,420.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 146,574 shares of the specialty retailer's stock after acquiring an additional 136,931 shares during the quarter. O'Reilly Automotive comprises approximately 7.6% of Walker Asset Management LLC's holdings, making the stock its 2nd largest position. Walker Asset Management LLC's holdings in O'Reilly Automotive were worth $13,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in shares of O'Reilly Automotive in the first quarter valued at approximately $25,000. HWG Holdings LP acquired a new stake in O'Reilly Automotive in the first quarter worth approximately $26,000. ORG Partners LLC boosted its stake in O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 277 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of O'Reilly Automotive by 185.7% during the 1st 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 during the period. Finally, Elequin Capital LP acquired a new position in shares of O'Reilly Automotive during the 1st quarter valued at $30,000. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen raised their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Truist Financial raised their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Argus initiated coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price on the stock. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Finally, Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, O'Reilly Automotive currently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock opened at $106.10 on Monday. O'Reilly Automotive, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $108.42. The firm's 50 day simple moving average is $102.61 and its 200-day simple moving average is $95.18. The company has a market cap of $90.03 billion, a P/E 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 issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The firm's quarterly revenue 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. On average, analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

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.

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