Sentry Investment Management LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,400.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,640 shares of the specialty retailer’s stock after buying an additional 2,464 shares during the quarter. Sentry Investment Management LLC’s holdings in O’Reilly Automotive were worth $242,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Eos Management L.P. lifted its holdings in O’Reilly Automotive by 1,878.8% during the 2nd quarter. Eos Management L.P. now owns 88,275 shares of the specialty retailer’s stock worth $7,956,000 after buying an additional 83,814 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in O’Reilly Automotive by 1,325.6% in the second quarter. Cidel Asset Management Inc. now owns 2,894 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 2,691 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted its holdings in O’Reilly Automotive by 1,413.8% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 200,671 shares of the specialty retailer’s stock valued at $18,086,000 after acquiring an additional 187,415 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in O’Reilly Automotive by 1,458.1% in the second quarter. Chicago Partners Investment Group LLC now owns 26,909 shares of the specialty retailer’s stock valued at $2,568,000 after acquiring an additional 25,182 shares during the last quarter. Finally, Wendell David Associates Inc. boosted its holdings in O’Reilly Automotive by 1,390.2% in the second quarter. Wendell David Associates Inc. now owns 56,940 shares of the specialty retailer’s stock valued at $5,132,000 after acquiring an additional 53,119 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.
Insiders Place Their Bets
In other news, SVP Mark Joseph Merz sold 29,505 shares of O’Reilly Automotive stock in a transaction dated 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 in the company, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company’s stock.
O’Reilly Automotive Trading Up 0.4%
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its 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. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.
Analysts Set New Price Targets
ORLY has been the topic of several recent research reports. DA Davidson raised their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 25th. Evercore ISI raised their price target on O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Citigroup raised their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. UBS Group reiterated a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday. Finally, TD Cowen raised their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.12.
Check Out Our Latest Research Report on O’Reilly Automotive
O’Reilly Automotive 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.
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