Penobscot Investment Management Company Inc. Acquires 4,270 Shares of O’Reilly Automotive, Inc. $ORLY

Penobscot Investment Management Company Inc. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,575 shares of the specialty retailer’s stock after buying an additional 4,270 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in O’Reilly Automotive were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in O’Reilly Automotive during the 1st quarter worth $25,000. HighMark Wealth Management LLC lifted its holdings in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after buying an additional 13 shares in the last quarter. Elequin Capital LP acquired a new position in O’Reilly Automotive during the 1st quarter worth $30,000. Finally, Saudi Central Bank bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $33,000. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

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 transaction, the senior vice president directly owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last ninety days. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. TD Cowen upped their target price 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. Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. DA Davidson increased their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Citigroup increased their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada increased their price objective on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $107.17.

O’Reilly Automotive Stock Down 0.2%

O’Reilly Automotive stock opened at $104.79 on Friday. The stock has a market cap of $88.91 billion, a P/E ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60. O’Reilly Automotive, Inc. has a twelve month low of $76.10 and a twelve month high of $108.71. The company’s 50-day moving average price is $103.61 and its two-hundred day moving average price is $95.72.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the firm earned $10.55 EPS. The business’s 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. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share 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.