Johnson Investment Counsel Inc. Acquires 7,747 Shares of O’Reilly Automotive, Inc. $ORLY

Johnson Investment Counsel Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,691.5% during the second quarter, Holdings Channel reports. The firm owned 8,205 shares of the specialty retailer’s stock after purchasing an additional 7,747 shares during the period. Johnson Investment Counsel Inc.’s holdings in O’Reilly Automotive were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. GAMMA Investing LLC raised 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 valued at $33,227,000 after buying an additional 3,272 shares during the last quarter. Brighton Jones LLC grew its stake in O’Reilly Automotive by 7.9% in the 1st quarter. Brighton Jones LLC now owns 612 shares of the specialty retailer’s stock valued at $877,000 after buying an additional 45 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in O’Reilly Automotive by 0.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,779 shares of the specialty retailer’s stock valued at $29,768,000 after buying an additional 132 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at $1,185,000. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction dated 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. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive 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 transaction, the senior vice president directly owned 12,826 shares of the company’s stock, valued at $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 over the last quarter. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Wolfe Research assumed 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 on the stock. Royal Bank Of Canada raised 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. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.17.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $103.05 on Wednesday. The firm has a market capitalization of $87.44 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.72 and a beta of 0.60. The company’s fifty day moving average is $103.95 and its two-hundred day moving average is $96.22. 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 posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.