OLD National Bancorp IN Boosts Holdings in O’Reilly Automotive, Inc. $ORLY

OLD National Bancorp IN raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,073.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,700 shares of the specialty retailer’s stock after buying an additional 2,470 shares during the period. OLD National Bancorp IN’s holdings in O’Reilly Automotive were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in O’Reilly Automotive by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock worth $33,227,000 after acquiring an additional 3,272 shares in the last quarter. Vanguard Group Inc. raised 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 period. Massachusetts Financial Services Co. MA raised 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 period. CCM Investment Group LLC purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in O’Reilly Automotive by 52.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer’s stock worth $16,105,000 after buying an additional 3,866 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ORLY. Truist Financial boosted 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. Evercore ISI boosted their price target on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Citigroup boosted their target price on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Guggenheim upped 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. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $107.17.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive 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 transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last quarter. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY stock opened at $100.76 on Thursday. The firm has a fifty day moving average price of $103.81 and a 200 day moving average price of $95.94. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The firm has a market cap of $85.49 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.69 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 (EPS) 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 company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 earnings per share. O’Reilly Automotive’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. On average, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.