California State Teachers Retirement System Buys 115,897,575 Shares of O'Reilly Automotive, Inc. $ORLY

California State Teachers Retirement System boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 9,003.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,184,893 shares of the specialty retailer's stock after buying an additional 115,897,575 shares during the quarter. California State Teachers Retirement System owned approximately 14.49% of O'Reilly Automotive worth $10,791,557,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ORLY. Tucker Asset Management LLC bought a new stake in shares of O'Reilly Automotive during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of O'Reilly Automotive during the fourth quarter valued at $27,000. Kelleher Financial Advisors bought a new position in O'Reilly Automotive in the second quarter valued at about $28,000. Fiduciary Financial Advisors bought a new position in O'Reilly Automotive in the second quarter valued at about $28,000. Finally, Whipplewood Advisors LLC boosted its holdings in O'Reilly Automotive by 1,552.6% in the first quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 295 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Christopher Mancini sold 3,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the completion of the transaction, the senior vice president owned 189 shares of the company's stock, valued at $17,577. The trade was a 94.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 2,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total transaction of $183,700.00. Following the completion of the sale, the director owned 14,970 shares of the company's stock, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,000 shares of company stock worth $550,530. Company insiders own 0.77% of the company's stock.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $85.89 on Wednesday. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.18 and a beta of 0.52. The firm's 50 day simple moving average is $88.85 and its 200 day simple moving average is $90.49. O'Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. O'Reilly Automotive's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Equities research analysts expect that O'Reilly Automotive, Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company set a $100.00 price objective on O'Reilly Automotive in a report on Friday, July 24th. TD Cowen reduced their target price on shares of O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and issued a $110.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 31st. Citigroup reiterated a "buy" rating and set a $106.00 price target (up from $104.00) on shares of O'Reilly Automotive in a research report on Monday, August 3rd. Finally, DA Davidson set a $106.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $107.24.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers, professional service technicians and commercial garages, offering products for maintaining and repairing cars, trucks and other vehicles.

Its merchandise includes replacement parts such as brakes, filters, belts, batteries and ignition components, as well as shop equipment, tools, fluids, lighting and appearance products. O'Reilly also provides services such as parts lookup, battery testing and installation, loaner tool programs, used-oil recycling and commercial delivery to professional customers.

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