O’Reilly Automotive, Inc. $ORLY Shares Purchased by US Bancorp DE

US Bancorp DE raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,376.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 551,755 shares of the specialty retailer’s stock after purchasing an additional 514,378 shares during the period. US Bancorp DE’s holdings in O’Reilly Automotive were worth $49,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Adero Partners LLC lifted its holdings in shares of O’Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock worth $609,000 after acquiring an additional 8 shares during the period. Avior Wealth Management LLC increased its position in O’Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC raised its stake in O’Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 8 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of O’Reilly Automotive by 1.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 8 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in shares of O’Reilly Automotive by 3.2% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer’s stock valued at $417,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.0%

ORLY opened at $99.72 on Friday. The firm’s 50 day moving average is $103.84 and its 200-day moving average is $96.00. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The firm has a market capitalization of $84.61 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly 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. 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 period last year, the business earned $10.55 EPS. The business’s revenue was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday. 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 report on Thursday, July 24th. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada raised their target price 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 research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and an average target price of $107.17.

Insiders Place Their Bets

In related 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 transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the 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 transaction, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. 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 in the last three months. 1.01% of the stock is owned by insiders.

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.