Equitable Trust Co. Boosts Stake in O’Reilly Automotive, Inc. $ORLY

Equitable Trust Co. boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,210.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,490 shares of the specialty retailer’s stock after buying an additional 2,300 shares during the period. Equitable Trust Co.’s holdings in O’Reilly Automotive were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. GAMMA Investing LLC lifted its holdings in shares of O’Reilly Automotive by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer’s stock valued at $1,822,000 after purchasing an additional 232 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of O’Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of O’Reilly Automotive by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,779 shares of the specialty retailer’s stock valued at $29,768,000 after purchasing an additional 132 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $1,185,000. Finally, Inscription Capital LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $345,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $102.12 on Thursday. The business’s 50-day moving average is $103.90 and its two-hundred day moving average is $96.26. The company has a market capitalization of $86.65 billion, a P/E ratio of 36.51, a P/E/G ratio of 2.72 and a beta of 0.60. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last quarter. Insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ORLY. DA Davidson increased their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wolfe Research assumed coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 target price for the company. Argus assumed coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price for the company. Evercore ISI raised their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, Guggenheim raised their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.12.

O’Reilly Automotive Company 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.