Nuveen LLC Takes Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Nuveen LLC acquired a significant new stake in O'Reilly Automotive, Inc., purchasing 626,526 shares valued at approximately $897.5 million, representing about 1.09% of the company's total shares as of their last SEC filing.
• In addition to Nuveen, several other hedge funds increased their positions in O'Reilly Automotive during the first quarter, with institutional investors owning 85% of the company's stock.
• O'Reilly Automotive's stock received positive ratings from multiple analysts, with target prices raised by firms like Truist Financial and UBS Group, indicating a consensus rating of "Buy" and an average target price of $102.22.

Nuveen LLC bought a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 626,526 shares of the specialty retailer's stock, valued at approximately $897,549,000. Nuveen LLC owned approximately 1.09% of O'Reilly Automotive at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carolinas Wealth Consulting LLC increased its stake in shares of O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after buying an additional 8 shares during the period. Marcum Wealth LLC increased its stake in shares of O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares during the period. Adero Partners LLC increased its stake in shares of O'Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares during the period. Avior Wealth Management LLC increased its stake in shares of O'Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares during the period. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORLY has been the subject of several recent research reports. Mizuho upped their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research note on Friday, April 25th. Wells Fargo & Company upped their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Citigroup upped their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Truist Financial upped their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two research 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 company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $102.22.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the transaction, the director directly owned 4,560 shares in the company, valued at $419,216. This trade represents a 39.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president directly owned 240 shares of the company's stock, valued at $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,840 shares of company stock worth $6,629,176 over the last quarter. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded up $0.27 on Monday, reaching $103.60. 4,004,705 shares of the company's stock were exchanged, compared to its average volume of 4,884,597. The company has a market capitalization of $88.56 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56. O'Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $104.86. The firm's 50-day moving average is $93.44 and its two-hundred day moving average is $91.39.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its 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. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the business earned $10.55 EPS. O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.