JLB & Associates Inc. Raises Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• JLB & Associates Inc. increased its stake in O'Reilly Automotive by 1,410.8% in the second quarter, owning 231,699 shares valued at approximately $20.88 million, making it the firm's 11th largest position.
• Institutional investors control 85% of O'Reilly Automotive's stock, with several hedge funds, including Wealth Enhancement Advisory Services and Vanguard Group, increasing their holdings in the company.
• O'Reilly Automotive's stock has received multiple upgrades from analysts, with the average rating being "Buy" and a consensus price target of $107.17.

JLB & Associates Inc. boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,410.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 231,699 shares of the specialty retailer's stock after purchasing an additional 216,363 shares during the period. O'Reilly Automotive makes up approximately 2.9% of JLB & Associates Inc.'s holdings, making the stock its 11th largest position. JLB & Associates Inc.'s holdings in O'Reilly Automotive were worth $20,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after acquiring an additional 3,272 shares during the period. Vanguard Group Inc. boosted its position in 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. Massachusetts Financial Services Co. MA grew its stake 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 valued at $836,357,000 after purchasing an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at about $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of O'Reilly Automotive by 52.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock valued at $16,105,000 after purchasing an additional 3,866 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of research reports. Citigroup raised their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. 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 note on Tuesday, August 12th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. DA Davidson upped their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, TD Cowen lifted their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $107.17.

Insiders Place Their Bets

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

ORLY opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $108.42. The firm's fifty day moving average is $102.87 and its 200 day moving average is $95.31. The stock has a market cap of $91.26 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly 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. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share 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.

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