O’Reilly Automotive, Inc. $ORLY Shares Acquired by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,750 shares of the specialty retailer’s stock after purchasing an additional 6,300 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in O’Reilly Automotive were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ORLY. Avior Wealth Management LLC increased its stake in O’Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock valued at $342,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its stake in O’Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 8 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 8 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in O’Reilly Automotive by 3.2% in the first quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer’s stock valued at $417,000 after purchasing an additional 9 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its stake in O’Reilly Automotive by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock worth $317,000 after acquiring an additional 9 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ORLY shares. Wolfe Research started coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target for the company. Guggenheim upped their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday. Evercore ISI upped their price target on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, UBS Group restated a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $109.12.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director 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 link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value 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 represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $101.17 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The business has a 50-day moving average of $103.86 and a 200-day moving average of $96.30. The company has a market capitalization of $85.84 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 2.70 and a beta of 0.60.

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