New Mexico Educational Retirement Board Acquires 37,660 Shares of O'Reilly Automotive, Inc. $ORLY

New Mexico Educational Retirement Board increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,350 shares of the specialty retailer's stock after buying an additional 37,660 shares during the quarter. New Mexico Educational Retirement Board's holdings in O'Reilly Automotive were worth $3,637,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ORLY. Tributary Capital Management LLC raised its stake in O'Reilly Automotive by 1,367.5% during the second quarter. Tributary Capital Management LLC now owns 3,390 shares of the specialty retailer's stock worth $306,000 after acquiring an additional 3,159 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in shares of O'Reilly Automotive by 1,250.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 4,295 shares of the specialty retailer's stock valued at $387,000 after purchasing an additional 3,977 shares during the last quarter. Paragon Financial Partners Inc. increased its position in O'Reilly Automotive by 1,400.0% during the 2nd quarter. Paragon Financial Partners Inc. now owns 19,500 shares of the specialty retailer's stock worth $1,758,000 after purchasing an additional 18,200 shares in the last quarter. Forum Financial Management LP lifted its stake in O'Reilly Automotive by 1,475.1% in the 2nd quarter. Forum Financial Management LP now owns 9,797 shares of the specialty retailer's stock valued at $883,000 after purchasing an additional 9,175 shares during the last quarter. Finally, Ethic Inc. boosted its position in O'Reilly Automotive by 1,977.9% in the second quarter. Ethic Inc. now owns 66,888 shares of the specialty retailer's stock valued at $5,964,000 after buying an additional 63,669 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock opened at $101.21 on Thursday. The firm has a market cap of $85.88 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 2.68 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The firm has a 50 day moving average price of $103.73 and a two-hundred day moving average price of $96.48.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.69 billion. During the same period in the prior year, the company posted $11.41 earnings per share. O'Reilly Automotive's revenue for the quarter was up 7.8% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORLY. Barclays reiterated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Mizuho set a $112.00 target price on O'Reilly Automotive in a report on Monday. Truist Financial increased their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Finally, UBS Group reiterated a "buy" rating and issued a $120.00 price objective (up previously from $115.00) on shares of O'Reilly Automotive in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, O'Reilly Automotive has an average rating of "Moderate Buy" and an average price target of $110.04.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $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 accessible through this link. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.

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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