Welch Group LLC Boosts Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Welch Group LLC significantly increased its stake in O'Reilly Automotive, raising holdings by 4,990.9% in Q2, owning a total of 13,440 shares valued at approximately $1.2 million by the quarter's end.
• Several other institutional investors have also expanded their positions, with GAMMA Investing LLC increasing its holdings by 22.3% in the first quarter.
• Analysts have shown confidence in O'Reilly Automotive, with TD Cowen raising its price target from $112 to $125 and maintaining a "buy" rating, contributing to a consensus rating of "Buy" across multiple analysts.

Welch Group LLC raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4,990.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,440 shares of the specialty retailer's stock after buying an additional 13,176 shares during the period. Welch Group LLC's holdings in O'Reilly Automotive were worth $1,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC increased its holdings in O'Reilly Automotive by 22.3% in the first quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock valued at $1,822,000 after buying an additional 232 shares in the last quarter. Everhart Financial Group Inc. purchased a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $337,000. Elevation Point Wealth Partners LLC increased its stake in shares of O'Reilly Automotive by 21.0% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 582 shares of the specialty retailer's stock valued at $834,000 after purchasing an additional 101 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after buying an additional 3,272 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position in shares of O'Reilly Automotive by 0.3% in the first quarter. Missouri Trust & Investment Co now owns 27,833 shares of the specialty retailer's stock valued at $39,873,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ORLY. TD Cowen boosted their price objective on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Truist Financial boosted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Citigroup boosted their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Price Performance

ORLY stock opened at $102.15 on Monday. The business has a 50 day simple moving average of $103.90 and a 200-day simple moving average of $96.11. The firm has a market capitalization of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the business 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, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on 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 sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maria Sastre sold 595 shares of the 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 $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company's stock.

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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