Charles Schwab Investment Management Inc. Purchases 14,842 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in O'Reilly Automotive by 3.9%, acquiring an additional 14,842 shares, bringing their total holdings to 392,320 shares valued at approximately $562 million.
• A significant portion of O'Reilly Automotive's stock, around 85%, is owned by institutional investors, indicating strong support from large investment firms.
• O'Reilly Automotive recently reported a $4.53 billion revenue for the quarter, with earnings per share meeting analysts’ expectations at $0.78.

Charles Schwab Investment Management Inc. increased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,320 shares of the specialty retailer's stock after acquiring an additional 14,842 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.69% of O'Reilly Automotive worth $562,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLY. Vanguard Group Inc. increased its position in shares of O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after buying an additional 1,821,202 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of O'Reilly Automotive by 16.9% during the 4th quarter. Northern Trust Corp now owns 651,966 shares of the specialty retailer's stock worth $773,101,000 after acquiring an additional 94,457 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after acquiring an additional 147,904 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in O'Reilly Automotive by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 486,690 shares of the specialty retailer's stock worth $577,117,000 after acquiring an additional 43,730 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,840 shares of company stock valued at $6,629,176 over the last ninety days. Insiders own 1.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ORLY shares. UBS Group lifted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. DA Davidson boosted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI increased their price target on shares of O'Reilly Automotive from $97.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays reissued an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Truist Financial increased their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $102.22.

O'Reilly Automotive Trading Down 0.1%

NASDAQ ORLY traded down $0.14 during trading on Friday, hitting $103.33. The company had a trading volume of 3,676,893 shares, compared to its average volume of 4,894,297. The company's fifty day moving average is $93.20 and its 200-day moving average is $91.20. O'Reilly Automotive, Inc. has a one year low of $73.11 and a one year high of $104.86. The company has a market cap of $88.33 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the company earned $10.55 earnings per share. O'Reilly Automotive's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O'Reilly Automotive Company 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.