Woodstock Corp Acquires 545,839 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Woodstock Corp increased its stake in O'Reilly Automotive, acquiring an additional 545,839 shares during the 2nd quarter, raising its total ownership to approximately $52.77 million, making it the company's 3rd largest position.
• Analysts have bullish outlooks for O'Reilly Automotive, with several raising their price targets to between $104.00 and $115.00, reflecting a consensus "Buy" rating.
• Insider selling was reported as company executives sold a total of 125,635 shares worth approximately $12.74 million over the last ninety days, which indicates a decrease in their ownership stakes.

Woodstock Corp boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,376.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 585,490 shares of the specialty retailer's stock after buying an additional 545,839 shares during the quarter. O'Reilly Automotive accounts for about 4.8% of Woodstock Corp's investment portfolio, making the stock its 3rd largest position. Woodstock Corp owned approximately 0.07% of O'Reilly Automotive worth $52,770,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC grew its position in O'Reilly Automotive by 175,115.6% during the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Nuveen LLC purchased a new position in O'Reilly Automotive during the 1st quarter worth approximately $897,549,000. Wellington Management Group LLP grew its position in O'Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in O'Reilly Automotive by 1,358.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 314,267 shares of the specialty retailer's stock worth $28,325,000 after purchasing an additional 292,724 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in O'Reilly Automotive by 197.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock worth $434,765,000 after purchasing an additional 201,356 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ORLY shares. Truist Financial boosted their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. UBS Group lifted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus price target of $106.36.

Insider Activity at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of ORLY opened at $106.29 on Tuesday. The company has a 50-day simple moving average of $100.38 and a 200-day simple moving average of $94.20. The firm has a market capitalization of $90.19 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.84 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O'Reilly Automotive Company 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

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.