O’Reilly Automotive, Inc. $ORLY Shares Purchased by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,422.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,350 shares of the specialty retailer’s stock after buying an additional 9,670 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in O’Reilly Automotive were worth $933,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC grew its position in O’Reilly Automotive by 1,359.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 24,792 shares of the specialty retailer’s stock worth $2,235,000 after buying an additional 23,093 shares during the last quarter. Schwartz Investment Counsel Inc. grew its position in O’Reilly Automotive by 1,400.0% in the second quarter. Schwartz Investment Counsel Inc. now owns 765,000 shares of the specialty retailer’s stock worth $68,949,000 after buying an additional 714,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in O’Reilly Automotive by 1,449.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 130,873 shares of the specialty retailer’s stock worth $11,795,000 after buying an additional 122,427 shares during the last quarter. Whittier Trust Co. grew its position in O’Reilly Automotive by 1,536.9% in the second quarter. Whittier Trust Co. now owns 347,819 shares of the specialty retailer’s stock worth $31,348,000 after buying an additional 326,570 shares during the last quarter. Finally, Klingman & Associates LLC grew its position in O’Reilly Automotive by 1,473.7% in the second quarter. Klingman & Associates LLC now owns 11,976 shares of the specialty retailer’s stock worth $1,079,000 after buying an additional 11,215 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ORLY shares. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. TD Cowen raised their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Finally, Truist Financial raised their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.04.

O’Reilly Automotive Stock Up 0.3%

ORLY stock opened at $101.31 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The company has a market cap of $85.96 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.67 and a beta of 0.60. The company has a 50 day moving average of $103.76 and a two-hundred day moving average of $96.45.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. The trade was a 3.60% 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 in the last quarter. 1.01% of the stock is owned by corporate insiders.

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.