Wesbanco Bank Inc. Grows Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Wesbanco Bank Inc. significantly increased its stake in O'Reilly Automotive, Inc. by 452.7% during the second quarter, owning 35,747 shares valued at approximately $3.22 million.
• Multiple institutional investors, including Verde Capital Management and Kings Path Partners LLC, also made substantial increases in their positions in O'Reilly Automotive during the same period, indicating strong institutional interest.
• Analysts have positive ratings for O'Reilly Automotive, with a consensus rating of "Buy" and an average price target of $104.40, following several upgrades to their price objectives.

Wesbanco Bank Inc. grew its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 452.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,747 shares of the specialty retailer's stock after acquiring an additional 29,279 shares during the quarter. Wesbanco Bank Inc.'s holdings in O'Reilly Automotive were worth $3,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Verde Capital Management lifted its position in shares of O'Reilly Automotive by 1,524.1% in the second quarter. Verde Capital Management now owns 41,983 shares of the specialty retailer's stock valued at $3,784,000 after acquiring an additional 39,398 shares in the last quarter. Kings Path Partners LLC lifted its position in O'Reilly Automotive by 1,400.0% during the second quarter. Kings Path Partners LLC now owns 630 shares of the specialty retailer's stock worth $57,000 after buying an additional 588 shares in the last quarter. Peak Financial Advisors LLC purchased a new position in O'Reilly Automotive during the second quarter worth approximately $2,537,000. Retirement Wealth Solutions LLC lifted its position in O'Reilly Automotive by 1,400.0% during the second quarter. Retirement Wealth Solutions LLC now owns 645 shares of the specialty retailer's stock worth $58,000 after buying an additional 602 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in O'Reilly Automotive by 508.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 615 shares of the specialty retailer's stock worth $55,000 after buying an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the business'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 completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly 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. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last quarter. Company insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ORLY. Barclays reiterated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Truist Financial raised their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets raised their target price 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. Finally, Wells Fargo & Company raised their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $104.40.

O'Reilly Automotive Trading Down 0.3%

Shares of NASDAQ ORLY opened at $107.50 on Monday. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The stock has a fifty day simple moving average of $100.11 and a 200-day simple moving average of $94.10. The stock has a market capitalization of $91.21 billion, a PE ratio of 38.43, a PEG ratio of 2.84 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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 during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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