O’Reilly Automotive, Inc. $ORLY Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,691.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,205 shares of the specialty retailer’s stock after purchasing an additional 7,747 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in O’Reilly Automotive were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. waypoint wealth counsel increased its stake in shares of O’Reilly Automotive by 1,337.5% in the second quarter. waypoint wealth counsel now owns 3,910 shares of the specialty retailer’s stock valued at $352,000 after purchasing an additional 3,638 shares during the period. Apollon Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 1,367.3% in the second quarter. Apollon Wealth Management LLC now owns 66,776 shares of the specialty retailer’s stock valued at $6,019,000 after purchasing an additional 62,225 shares during the period. Hemington Wealth Management increased its stake in shares of O’Reilly Automotive by 1,415.9% in the second quarter. Hemington Wealth Management now owns 3,138 shares of the specialty retailer’s stock valued at $282,000 after purchasing an additional 2,931 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 1,533.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 25,115 shares of the specialty retailer’s stock valued at $2,264,000 after acquiring an additional 23,577 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of O’Reilly Automotive in the second quarter valued at approximately $231,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Barclays reiterated an “equal weight” rating and issued a $86.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 25th. TD Cowen increased their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.17.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $103.05 on Wednesday. The company has a market cap of $87.44 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The firm has a 50 day simple moving average of $103.95 and a 200 day simple moving average of $96.22.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The firm’s quarterly 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 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last quarter. 1.01% of the stock is owned by corporate insiders.

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.