Fulton Bank N.A. Has $2.10 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Fulton Bank N.A. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,992 shares of the specialty retailer’s stock after purchasing an additional 48 shares during the period. Fulton Bank N.A.’s holdings in O’Reilly Automotive were worth $2,104,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $36,000. Newbridge Financial Services Group Inc. purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO boosted its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Philip M. Hopper 1,023 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,541 shares of company stock worth $39,936,345. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of a number of research analyst reports. DA Davidson boosted their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,130.67.

O’Reilly Automotive Trading Up 0.5 %

Shares of O’Reilly Automotive stock traded up $5.78 during trading on Tuesday, hitting $1,111.30. The stock had a trading volume of 427,243 shares, compared to its average volume of 399,714. The firm has a market cap of $65.45 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The business’s 50-day moving average is $1,037.94 and its 200 day moving average is $1,054.17.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $10.22 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 41.14 EPS for the current 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.