Ascent Group LLC Acquires 48,174 Shares of O’Reilly Automotive, Inc. $ORLY

Ascent Group LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,821.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,819 shares of the specialty retailer’s stock after buying an additional 48,174 shares during the period. Ascent Group LLC’s holdings in O’Reilly Automotive were worth $4,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORLY. Bank of Jackson Hole Trust bought a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $25,000. HWG Holdings LP bought a new stake in O’Reilly Automotive in the first quarter valued at approximately $26,000. Oakworth Capital Inc. increased its stake in O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares in the last quarter. HighMark Wealth Management LLC increased its stake in O’Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares in the last quarter. Finally, ORG Partners LLC increased its stake in O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 277 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Down 0.2%

ORLY stock opened at $104.79 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $76.10 and a twelve month high of $108.71. The stock has a market cap of $88.91 billion, a P/E ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60. The business’s 50-day moving average price is $103.61 and its 200-day moving average price is $95.68.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the firm earned $10.55 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Mark Joseph Merz sold 29,505 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company’s stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 in the last 90 days. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ORLY shares. Royal Bank Of Canada upped their target price on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Wolfe Research started coverage on shares of 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. Barclays reaffirmed an “equal weight” rating and issued a $86.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 25th. Finally, TD Cowen increased their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two equities research analysts have 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $107.17.

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.