Mitchell Mcleod Pugh & Williams Inc. Increases Position in O’Reilly Automotive, Inc. $ORLY

Mitchell Mcleod Pugh & Williams Inc. lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,450 shares of the specialty retailer’s stock after purchasing an additional 6,020 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in O’Reilly Automotive were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORLY. TD Asset Management Inc increased its stake in shares of O’Reilly Automotive by 1,214.0% in the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock worth $194,567,000 after purchasing an additional 1,994,449 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of O’Reilly Automotive by 1,052.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after acquiring an additional 1,573,010 shares during the last quarter. Congress Asset Management Co. boosted its position in shares of O’Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after acquiring an additional 1,474,068 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of O’Reilly Automotive by 1,438.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after acquiring an additional 1,298,307 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of O’Reilly Automotive by 1,290.1% during the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer’s stock worth $101,627,000 after acquiring an additional 1,050,901 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the sale, the senior vice president owned 2,876 shares of the company’s stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction 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 directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORLY. Argus began coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. BMO Capital Markets upped their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wolfe Research began coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. One investment 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 company. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $107.17.

O’Reilly Automotive Stock Up 0.2%

ORLY stock opened at $103.05 on Wednesday. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The company has a fifty day simple moving average of $103.95 and a two-hundred day simple moving average of $96.22. The firm has a market capitalization of $87.44 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS 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.