Bank Pictet & Cie Europe AG Purchases 449,690 Shares of O’Reilly Automotive, Inc. $ORLY

Bank Pictet & Cie Europe AG lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,248.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 485,699 shares of the specialty retailer’s stock after buying an additional 449,690 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in O’Reilly Automotive were worth $43,776,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. HWG Holdings LP bought a new position in shares of O’Reilly Automotive in the first quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive during the 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its holdings in O’Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank bought a new position in O’Reilly Automotive in the 1st quarter worth approximately $33,000. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, 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 value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the sale, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last 90 days. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Up 1.1%

O’Reilly Automotive stock opened at $104.58 on Friday. The company’s 50-day moving average price is $102.33 and its 200-day moving average price is $94.94. The company has a market cap of $88.74 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. O’Reilly Automotive, Inc. has a twelve month low of $75.79 and a twelve month high of $108.42.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company 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 posted $10.55 earnings per share. The firm’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. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective on the stock. Argus began coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target on the stock. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Truist Financial raised their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Barclays reiterated an “equal weight” rating and issued a $86.00 target price on shares of O’Reilly Automotive in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $107.17.

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.