Welch & Forbes LLC Sells 37,617 Shares of O’Reilly Automotive, Inc. $ORLY

Welch & Forbes LLC lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,832,170 shares of the specialty retailer’s stock after selling 37,617 shares during the period. O’Reilly Automotive makes up approximately 3.4% of Welch & Forbes LLC’s portfolio, making the stock its 5th biggest holding. Welch & Forbes LLC’s holdings in O’Reilly Automotive were worth $261,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. Norges Bank purchased a new stake in shares of O’Reilly Automotive in the fourth quarter worth approximately $1,134,311,000. Akre Capital Management LLC boosted its position in shares of O’Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock valued at $848,188,000 after buying an additional 8,546,804 shares during the last quarter. Wellington Management Group LLP grew its holdings in O’Reilly Automotive by 25.1% during the fourth quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock worth $1,345,829,000 after buying an additional 2,964,945 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in O’Reilly Automotive by 1,316.5% during the second quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer’s stock worth $272,871,000 after buying an additional 2,814,071 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in O’Reilly Automotive by 1,277.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,346,977 shares of the specialty retailer’s stock valued at $211,533,000 after buying an additional 2,176,568 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, SVP Philip M. Hopper sold 3,700 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $94.60, for a total transaction of $350,020.00. Following the completion of the sale, the senior vice president owned 4,888 shares in the company, valued at approximately $462,404.80. This trade represents a 43.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Raymond Murphy sold 2,595 shares of O’Reilly Automotive stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $88.67, for a total transaction of $230,098.65. Following the completion of the sale, the director directly owned 4,000 shares in the company, valued at approximately $354,680. This represents a 39.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,730 shares of company stock valued at $9,815,388 in the last 90 days. 0.77% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Up 1.4%

ORLY stock traded up $1.16 during midday trading on Friday, hitting $86.28. The company’s stock had a trading volume of 5,027,767 shares, compared to its average volume of 8,575,382. The stock has a market cap of $71.50 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.90 and a beta of 0.51. The stock’s 50-day moving average price is $89.74 and its 200 day moving average price is $92.13. O’Reilly Automotive, Inc. has a 1 year low of $82.71 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $9.35 EPS. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of O’Reilly Automotive in a report on Friday, May 1st. Morgan Stanley restated an “overweight” rating and set a $112.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 30th. Roth Capital reaffirmed a “buy” rating and issued a $109.00 price objective on shares of O’Reilly Automotive in a research report on Monday, May 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $114.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $112.25.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.