WASHINGTON TRUST Co Raises Stake in O’Reilly Automotive, Inc. $ORLY

WASHINGTON TRUST Co grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,075 shares of the specialty retailer’s stock after buying an additional 14,070 shares during the period. WASHINGTON TRUST Co’s holdings in O’Reilly Automotive were worth $1,359,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MV Capital Management Inc. raised its stake in O’Reilly Automotive by 1,341.6% during the 2nd quarter. MV Capital Management Inc. now owns 2,148 shares of the specialty retailer’s stock valued at $194,000 after acquiring an additional 1,999 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of O’Reilly Automotive by 1,351.0% during the second quarter. D Orazio & Associates Inc. now owns 4,498 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 4,188 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of O’Reilly Automotive during the second quarter worth $2,021,000. Smithfield Trust Co lifted its holdings in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Smithfield Trust Co now owns 9,930 shares of the specialty retailer’s stock worth $893,000 after purchasing an additional 9,268 shares during the period. Finally, Candriam S.C.A. grew its position in O’Reilly Automotive by 298.8% in the 2nd quarter. Candriam S.C.A. now owns 59,811 shares of the specialty retailer’s stock valued at $5,391,000 after buying an additional 44,814 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. TD Cowen raised their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Morgan Stanley boosted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Finally, Citigroup upped their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. This represents a 27.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Price Performance

ORLY opened at $98.35 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The stock has a market cap of $83.02 billion, a P/E ratio of 34.07, a P/E/G ratio of 2.48 and a beta of 0.57. The stock’s 50 day simple moving average is $101.49 and its 200 day simple moving average is $97.08.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.O’Reilly Automotive’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 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.