Blue Zone Wealth Advisors LLC Acquires 64,487 Shares of O’Reilly Automotive, Inc. $ORLY

Blue Zone Wealth Advisors LLC boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,437.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 68,972 shares of the specialty retailer’s stock after purchasing an additional 64,487 shares during the period. O’Reilly Automotive comprises approximately 1.6% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Blue Zone Wealth Advisors LLC’s holdings in O’Reilly Automotive were worth $6,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in O’Reilly Automotive during the first quarter valued at approximately $25,000. HWG Holdings LP acquired a new position in O’Reilly Automotive during the first quarter valued at approximately $26,000. Oakworth Capital Inc. grew its holdings in O’Reilly Automotive by 1,257.1% during 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 last quarter. HighMark Wealth Management LLC grew its holdings in 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 valued at $27,000 after purchasing an additional 280 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction 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 owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Joseph Merz sold 5,050 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Up 2.4%

Shares of O’Reilly Automotive stock opened at $102.15 on Friday. The company’s fifty day simple moving average is $103.90 and its 200-day simple moving average is $96.07. The company has a market cap of $86.67 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.64 and a beta of 0.60. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 14.15% and a negative return on equity of 181.53%. O’Reilly Automotive’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last 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, research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday. Truist Financial increased their price target on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 25th. Guggenheim increased their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wolfe Research began coverage on O’Reilly Automotive in a report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Buy” and an average price target of $107.17.

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.