Welch & Forbes LLC Grows Holdings in O’Reilly Automotive, Inc. $ORLY

Welch & Forbes LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,385.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,945,844 shares of the specialty retailer’s stock after purchasing an additional 2,747,499 shares during the quarter. O’Reilly Automotive accounts for 3.3% of Welch & Forbes LLC’s holdings, making the stock its 4th biggest holding. Welch & Forbes LLC owned approximately 0.34% of O’Reilly Automotive worth $265,509,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Oxbow Advisors LLC increased its position in shares of O’Reilly Automotive by 785.7% during the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Providence First Trust Co increased its position in shares of O’Reilly Automotive by 1,433.6% during the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 6,408 shares during the last quarter. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of O’Reilly Automotive by 1,063.1% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after purchasing an additional 98,616 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of O’Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after purchasing an additional 147,904 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.7%

Shares of ORLY stock opened at $94.44 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71. The stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.48 and a beta of 0.60. The stock has a fifty day simple moving average of $102.83 and a two-hundred day simple moving average of $96.82.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the business earned $11.41 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORLY shares. Morgan Stanley boosted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Guggenheim boosted their price objective on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Citigroup boosted their price objective 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 restated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday. Finally, Wells Fargo & Company set a $115.00 price objective on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.28.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,080 shares of company stock worth $9,341,746. 1.01% of the stock is currently owned by company 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.