Louisiana State Employees Retirement System boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,374.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,600 shares of the specialty retailer's stock after buying an additional 100,300 shares during the quarter. Louisiana State Employees Retirement System's holdings in O'Reilly Automotive were worth $9,698,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ORLY. Vanguard Group Inc. lifted its position in shares of O'Reilly Automotive by 1.5% during the 1st 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. Wellington Management Group LLP increased its position in O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after buying an additional 1,573,010 shares during the period. Congress Asset Management Co. grew its stake in shares of O'Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after acquiring an additional 1,474,068 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of O'Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after acquiring an additional 1,298,307 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Argus initiated coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target for the company. Truist Financial upped their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI boosted their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $107.17.
View Our Latest Analysis on ORLY
O'Reilly Automotive Trading Down 1.4%
ORLY stock opened at $101.85 on Wednesday. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The firm has a market cap of $86.42 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.73 and a beta of 0.60. The business's 50 day moving average is $103.79 and its 200-day moving average is $95.91.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $4.53 billion for 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.
Insider Buying and Selling
In related news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 in the last ninety days. Insiders own 1.01% of the company's stock.
About O'Reilly Automotive
(
Free Report)
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.
Further Reading
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