Weaver Capital Management LLC Acquires 3,341 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Weaver Capital Management LLC significantly increased its holdings in O'Reilly Automotive by 1,409.7%, acquiring 3,341 additional shares, bringing their total to 3,578 shares valued at approximately $322,000.
• O'Reilly Automotive's stock received multiple upgrades from analysts, with Citigroup raising its price target from $104 to $114 and maintaining a "buy" rating.
• The company's most recent quarterly earnings report showed revenue of $4.53 billion, a 5.9% year-over-year increase, while reporting earnings per share of $0.78, aligning with analyst expectations.

Weaver Capital Management LLC boosted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,409.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,578 shares of the specialty retailer's stock after acquiring an additional 3,341 shares during the period. Weaver Capital Management LLC's holdings in O'Reilly Automotive were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ORLY. Bank of Jackson Hole Trust purchased a new position in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive during the 1st quarter worth approximately $26,000. Oakworth Capital Inc. grew its stake in O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares during the period. HighMark Wealth Management LLC grew its stake in O'Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 280 shares during the period. Finally, ORG Partners LLC grew its stake in O'Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 277 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of research reports. Citigroup raised their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. BMO Capital Markets lifted their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada boosted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Guggenheim boosted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock opened at $100.76 on Thursday. The firm has a market capitalization of $85.49 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The stock's fifty day moving average is $103.81 and its two-hundred day moving average is $95.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The business 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%.The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the firm'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 transaction of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 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.

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