ZWJ Investment Counsel Inc. Increases Holdings in O’Reilly Automotive, Inc. $ORLY

ZWJ Investment Counsel Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,610 shares of the specialty retailer’s stock after buying an additional 2,436 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in O’Reilly Automotive were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ORLY. RFG Advisory LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at about $586,000. Hennion & Walsh Asset Management Inc. raised its position in shares of O’Reilly Automotive by 69.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 589 shares of the specialty retailer’s stock valued at $844,000 after buying an additional 242 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in O’Reilly Automotive by 18.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 101 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 16 shares during the last quarter. Chemistry Wealth Management LLC bought a new position in O’Reilly Automotive during the 1st quarter valued at about $211,000. Finally, Blue Zone Wealth Advisors LLC grew its holdings in O’Reilly Automotive by 9.5% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 4,485 shares of the specialty retailer’s stock valued at $6,425,000 after purchasing an additional 389 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ORLY. Barclays reiterated an “equal weight” rating and set a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Truist Financial upped their price target on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 25th. Evercore ISI upped their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. TD Cowen upped their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Citigroup upped their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $107.17.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were 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 owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was 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 approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 0.2%

NASDAQ:ORLY opened at $104.79 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $76.10 and a 52 week high of $108.71. The firm has a 50 day moving average of $103.61 and a 200 day moving average of $95.72. The stock has a market capitalization of $88.91 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $4.53 billion during 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O’Reilly Automotive Company Profile

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.