Bridges Investment Management Inc. Increases Position in O’Reilly Automotive, Inc. $ORLY

Bridges Investment Management Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,407.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,910 shares of the specialty retailer’s stock after purchasing an additional 2,717 shares during the quarter. Bridges Investment Management Inc.’s holdings in O’Reilly Automotive were worth $262,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP purchased a new position in O’Reilly Automotive during the first quarter valued at $26,000. Oakworth Capital Inc. grew its position in shares of O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 277 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 in the last ninety days. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $101.60 on Friday. O’Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The company has a market cap of $86.21 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.67 and a beta of 0.60. The business’s 50 day moving average price is $103.82 and its 200 day moving average price is $96.34.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the business earned $10.55 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Guggenheim boosted their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday, October 8th. Truist Financial increased their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Royal Bank Of Canada raised their price objective on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.12.

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.