O'Reilly Automotive, Inc. $ORLY Stake Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd significantly increased its stake in O'Reilly Automotive, raising ownership by 1,467.9% and holding 124,146 shares valued at approximately $11.19 million as of the last quarter.
• Insider transactions included Mark Joseph Merz selling 29,505 shares and reducing his ownership by 87.45%, while director Maria Sastre also sold shares, contributing to a total of 125,635 shares sold by insiders worth around $12.74 million over the last ninety days.
• O'Reilly Automotive's stock is currently recommended as a "Buy" by analysts, with a consensus target price around $107.17 following several recent price upgrades from notable financial institutions.

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,467.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,146 shares of the specialty retailer's stock after buying an additional 116,228 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in O'Reilly Automotive were worth $11,189,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Argus assumed coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. TD Cowen increased their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday. Barclays reaffirmed an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, UBS Group increased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, O'Reilly Automotive has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Up 0.2%

Shares of O'Reilly Automotive stock traded up $0.24 during trading hours on Friday, hitting $103.93. 10,047,562 shares of the company's stock traded hands, compared to its average volume of 4,166,746. The stock has a 50 day simple moving average of $101.37 and a 200-day simple moving average of $94.53. The company has a market cap of $88.18 billion, a PE ratio of 37.15, a PEG ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Transactions at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction dated 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 approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 over the last ninety days. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive 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.