Lord Abbett & CO. LLC Takes Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Lord Abbett & CO. LLC has acquired a new stake in O'Reilly Automotive, Inc., purchasing 17,400 shares valued at approximately $24.9 million during the first quarter.
• Several hedge funds have also invested in O'Reilly, contributing to institutional investors owning 85% of the company's stock.
• O'Reilly Automotive reported earnings of $0.78 per share for the last quarter, matching analysts' expectations, while the company's stock price currently sits around $101.54.

Lord Abbett & CO. LLC bought a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,400 shares of the specialty retailer's stock, valued at approximately $24,927,000.

Several other institutional investors also recently modified their holdings of ORLY. Bank Pictet & Cie Europe AG increased its holdings in shares of O'Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after buying an additional 1,208 shares in the last quarter. Mariner LLC lifted its position in O'Reilly Automotive by 1.7% during the 4th quarter. Mariner LLC now owns 10,298 shares of the specialty retailer's stock worth $12,211,000 after acquiring an additional 175 shares during the last quarter. XTX Topco Ltd acquired a new position in O'Reilly Automotive during the 4th quarter worth $243,000. NewEdge Advisors LLC raised its position in shares of O'Reilly Automotive by 1.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,154 shares of the specialty retailer's stock valued at $4,926,000 after buying an additional 76 shares during the last quarter. Finally, Forum Financial Management LP increased its stake in O'Reilly Automotive by 1.5% in the fourth quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer's stock valued at $739,000 after acquiring an additional 9 shares during the period. Institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,920 shares of company stock worth $15,487,502. 1.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on ORLY. Royal Bank Of Canada upped their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Argus initiated coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Barclays reaffirmed an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upped their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $103.38.

O'Reilly Automotive Stock Down 0.8%

NASDAQ ORLY traded down $0.8250 during trading hours on Thursday, reaching $103.1750. 950,760 shares of the company were exchanged, compared to its average volume of 5,603,928. O'Reilly Automotive, Inc. has a 1 year low of $73.11 and a 1 year high of $104.86. The business's 50 day simple moving average is $95.01 and its 200-day simple moving average is $92.10. The stock has a market capitalization of $87.54 billion, a P/E ratio of 36.90, a P/E/G ratio of 2.72 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $10.55 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

About O'Reilly Automotive

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.