Bingham Private Wealth LLC Purchases 2,331 Shares of O’Reilly Automotive, Inc. $ORLY

Bingham Private Wealth LLC raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,246.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,518 shares of the specialty retailer’s stock after purchasing an additional 2,331 shares during the quarter. Bingham Private Wealth LLC’s holdings in O’Reilly Automotive were worth $227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 valued at $33,227,000 after purchasing an additional 3,272 shares during the period. Vanguard Group Inc. raised its stake in shares of O’Reilly Automotive by 1.5% in 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 stake in shares of O’Reilly Automotive by 33.9% in 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 acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 valued at $16,105,000 after purchasing an additional 3,866 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $103.30 on Tuesday. The firm’s 50-day moving average is $103.73 and its 200-day moving average is $95.86. The stock has a market cap of $87.65 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.77 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.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent research reports. UBS Group lifted their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. TD Cowen boosted their price target 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. BMO Capital Markets boosted their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Saturday, September 27th. Finally, Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $107.17.

Insider Activity

In other news, Director Maria Sastre sold 595 shares of the company’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 directly owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This represents 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 Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was 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 owned by company 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.