ZWJ Investment Counsel Inc. Grows Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• ZWJ Investment Counsel Inc. increased its stake in O'Reilly Automotive, Inc. by a remarkable 1,400.0%, owning 2,610 shares valued at approximately $235,000 as per their recent SEC filing.
• Analysts are optimistic about O'Reilly Automotive, raising price targets, with BMO Capital Markets and UBS Group setting targets at $110.00 and $115.00 respectively, reflecting a generally favorable consensus rating of "Buy".
• Insider activity showed significant sales, with SVP Carl David Wilbanks selling 88,485 shares for over $9 million, indicating a substantial reduction in his holdings.

ZWJ Investment Counsel Inc. raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,610 shares of the specialty retailer's stock after acquiring an additional 2,436 shares during the period. ZWJ Investment Counsel Inc.'s holdings in O'Reilly Automotive were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive during the first quarter valued at approximately $25,000. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the first quarter valued at approximately $26,000. Oakworth Capital Inc. increased its position in shares of O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of O'Reilly Automotive by 1,400.0% during the second 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 in the last quarter. Finally, ORG Partners LLC increased its position in shares of O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 277 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORLY shares. BMO Capital Markets raised their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. UBS Group raised their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Evercore ISI raised their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Barclays reaffirmed an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, TD Cowen lifted their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $107.17.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction 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 sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% 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 the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares in the company, 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. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last quarter. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Stock Performance

ORLY opened at $104.79 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.10 and a fifty-two week high of $108.71. The firm's fifty day moving average is $103.61 and its 200 day moving average is $95.72. The stock has a market cap of $88.91 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.77 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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