Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,400.0% in the second quarter, Holdings Channel.com reports. The fund owned 16,140 shares of the specialty retailer’s stock after purchasing an additional 15,064 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in O’Reilly Automotive were worth $1,455,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mutual Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 1,990.6% during the 2nd quarter. Mutual Advisors LLC now owns 8,864 shares of the specialty retailer’s stock worth $866,000 after acquiring an additional 8,440 shares during the period. Generali Asset Management SPA SGR lifted its holdings in shares of O’Reilly Automotive by 3,206.4% during the 2nd quarter. Generali Asset Management SPA SGR now owns 72,543 shares of the specialty retailer’s stock worth $6,538,000 after acquiring an additional 70,349 shares during the period. Granite Group Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 1,424.6% during the 2nd quarter. Granite Group Advisors LLC now owns 2,790 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 2,607 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of O’Reilly Automotive by 1,458.3% during the 2nd quarter. Ritholtz Wealth Management now owns 42,028 shares of the specialty retailer’s stock worth $3,788,000 after acquiring an additional 39,331 shares during the period. Finally, Private Wealth Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 1,335.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 2,325 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 2,163 shares during the period. 85.00% of the stock is owned by institutional investors.
Insider Activity at O’Reilly Automotive
In other news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $60,874.45. Following the sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.
O’Reilly Automotive Trading Up 0.2%
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting 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 net margin of 14.15% and a negative return on equity of 181.53%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.
Wall Street Analyst Weigh In
ORLY has been the subject of a number of analyst reports. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Truist Financial lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday, October 8th. BMO Capital Markets lifted their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Finally, Guggenheim lifted their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.17.
View Our Latest Research Report on O’Reilly Automotive
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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