O'Reilly Automotive, Inc. $ORLY Shares Acquired by Vantage Investment Partners LLC

Key Points

• Vantage Investment Partners LLC significantly increased its stake in O'Reilly Automotive by 1,456.7% in the second quarter, acquiring an additional 445,881 shares, bringing their total shareholding to 476,490.
• Several hedge funds have boosted their positions in O'Reilly Automotive, including Wellington Management Group and Vanguard Group, indicating increased institutional interest in the company.
• Analysts have increased price targets for O'Reilly Automotive, with TD Cowen raising their target from $112.00 to $125.00 and most analysts giving the stock a consensus rating of "Buy."

Vantage Investment Partners LLC increased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,456.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 476,490 shares of the specialty retailer's stock after purchasing an additional 445,881 shares during the period. O'Reilly Automotive accounts for about 3.1% of Vantage Investment Partners LLC's holdings, making the stock its 12th biggest holding. Vantage Investment Partners LLC owned 0.06% of O'Reilly Automotive worth $42,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. boosted its holdings in shares of O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after acquiring an additional 75,125 shares during the period. Wellington Management Group LLP raised 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 valued at $2,757,148,000 after purchasing an additional 330,964 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in O'Reilly Automotive by 1,052.9% during 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 purchasing an additional 1,573,010 shares during the period. Congress Asset Management Co. grew its position in O'Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in 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 valued at $125,150,000 after purchasing an additional 1,298,307 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's 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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last three months. Insiders own 1.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Weiss Ratings reissued a "buy (b)" rating on shares of O'Reilly Automotive in a report on Saturday, September 27th. Truist Financial upped their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Down 0.2%

Shares of ORLY opened at $104.79 on Monday. O'Reilly Automotive, Inc. has a 12-month low of $76.10 and a 12-month high of $108.71. The stock has a market cap of $88.91 billion, a P/E ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60. The company has a 50-day moving average of $103.61 and a two-hundred day moving average of $95.77.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $10.55 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts forecast 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.

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