O’Reilly Automotive, Inc. $ORLY Shares Bought by Equitable Trust Co.

Equitable Trust Co. grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,210.5% during the second quarter, HoldingsChannel reports. The firm owned 2,490 shares of the specialty retailer’s stock after acquiring an additional 2,300 shares during the period. Equitable Trust Co.’s holdings in O’Reilly Automotive were worth $224,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. HWG Holdings LP purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC lifted its stake in O’Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president 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 disclosure for this sale can be found here. In the last three months, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on ORLY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday. Wells Fargo & Company set a $115.00 target price on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI boosted their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Truist Financial boosted their target price on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.12.

O’Reilly Automotive Stock Down 0.9%

NASDAQ:ORLY opened at $102.12 on Thursday. The company has a fifty day simple moving average of $103.90 and a two-hundred day simple moving average of $96.26. The company has a market cap of $86.65 billion, a price-to-earnings ratio of 36.51, 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.

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 the consensus estimate of $0.78. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current 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.