O’Reilly Automotive, Inc. $ORLY Stock Position Lifted by Huntington National Bank

Huntington National Bank boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,466.7% during the second quarter, HoldingsChannel.com reports. The firm owned 1,225,387 shares of the specialty retailer’s stock after acquiring an additional 1,147,172 shares during the period. Huntington National Bank’s holdings in O’Reilly Automotive were worth $110,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in O’Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 8 shares in the last quarter. Geneos Wealth Management Inc. grew its position in O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock worth $953,000 after acquiring an additional 8 shares in the last quarter. Journey Strategic Wealth LLC grew its position in O’Reilly Automotive by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock worth $317,000 after acquiring an additional 9 shares in the last quarter. Foundations Investment Advisors LLC grew its position in O’Reilly Automotive by 2.3% in the first quarter. Foundations Investment Advisors LLC now owns 395 shares of the specialty retailer’s stock worth $566,000 after acquiring an additional 9 shares in the last quarter. Finally, Hemington Wealth Management grew its position in O’Reilly Automotive by 4.5% in the first quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 9 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $91.70 on Tuesday. O’Reilly Automotive, Inc. has a one year low of $76.75 and a one year high of $108.71. The stock has a market cap of $77.81 billion, a P/E ratio of 31.77, a PEG ratio of 2.48 and a beta of 0.60. The company has a fifty day moving average price of $102.62 and a 200 day moving average price of $96.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter in the prior year, the company posted $11.41 EPS. The business’s revenue was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity

In other news, 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 value of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 91,080 shares of company stock worth $9,341,746. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. DA Davidson boosted their target price on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Evercore ISI boosted their target price on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Finally, Guggenheim boosted their target price on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $112.28.

About O’Reilly Automotive

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.