Gilliland Jeter Wealth Management LLC Has $281,000 Stake in O’Reilly Automotive, Inc. $ORLY

Gilliland Jeter Wealth Management LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,120 shares of the specialty retailer’s stock after acquiring an additional 2,912 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in O’Reilly Automotive were worth $281,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ORLY. Bank of Jackson Hole Trust acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $26,000. Oakworth Capital Inc. grew its position in O’Reilly Automotive by 1,257.1% in the 2nd 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 grew its position in O’Reilly Automotive by 1,400.0% in the 2nd 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 period. Finally, ORG Partners LLC grew its position in O’Reilly Automotive by 839.4% in the 2nd 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 period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 25th. TD Cowen raised their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Citigroup raised their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 25th. UBS Group raised their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and an average price target of $107.17.

Insider Activity at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 29,505 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. 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 $99.72 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock’s 50-day simple moving average is $103.84 and its 200 day simple moving average is $96.00. The stock has a market capitalization of $84.61 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60.

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

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.