Segment Wealth Management LLC Buys 2,324 Shares of O’Reilly Automotive, Inc. $ORLY

Segment Wealth Management LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,490 shares of the specialty retailer’s stock after purchasing an additional 2,324 shares during the period. Segment Wealth Management LLC’s holdings in O’Reilly Automotive were worth $224,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ORLY. RFG Advisory LLC bought a new stake in O’Reilly Automotive during the first quarter worth approximately $586,000. Hennion & Walsh Asset Management Inc. increased its stake in O’Reilly Automotive by 69.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 589 shares of the specialty retailer’s stock worth $844,000 after acquiring an additional 242 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in O’Reilly Automotive by 18.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 101 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 16 shares during the last quarter. Chemistry Wealth Management LLC bought a new stake in O’Reilly Automotive during the first quarter worth approximately $211,000. Finally, Blue Zone Wealth Advisors LLC boosted its position in shares of O’Reilly Automotive by 9.5% during the first quarter. Blue Zone Wealth Advisors LLC now owns 4,485 shares of the specialty retailer’s stock valued at $6,425,000 after buying an additional 389 shares during the period. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Trading Down 0.2%

Shares of ORLY stock opened at $104.79 on Friday. The business’s fifty day simple moving average is $103.61 and its 200-day simple moving average is $95.72. The company has a market cap of $88.91 billion, a PE ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12-month low of $76.10 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The business 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 business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior 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, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maria Sastre sold 595 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction 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 transaction, 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. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORLY. Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Saturday, September 27th. UBS Group boosted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. 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. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently 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.