O'Reilly Automotive, Inc. $ORLY Shares Bought by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System increased its stake in O'Reilly Automotive by 1,399.5% during Q2 2023, owning approximately 0.08% of the company valued at $58.6 million.
• Various hedge funds are also increasing their positions in O'Reilly Automotive, with 85% of shares owned by institutional investors and multiple firms updating their price targets between $86.00 and $121.00.
• O'Reilly Automotive reported earnings of $0.78 per share for the latest quarter, meeting analysts' expectations, while projecting FY 2025 EPS guidance between $2.850 and $2.950.

New York State Teachers Retirement System boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,399.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 650,039 shares of the specialty retailer's stock after purchasing an additional 606,690 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of O'Reilly Automotive worth $58,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC grew its position in O'Reilly Automotive by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock worth $1,822,000 after purchasing an additional 232 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 worth $33,227,000 after purchasing an additional 3,272 shares during the period. Inscription Capital LLC acquired a new stake in O'Reilly Automotive during the 1st quarter worth about $345,000. Clarius Group LLC grew its position in O'Reilly Automotive by 4.1% during the 1st quarter. Clarius Group LLC now owns 565 shares of the specialty retailer's stock worth $809,000 after purchasing an additional 22 shares during the period. Finally, Essex Savings Bank acquired a new stake in O'Reilly Automotive during the 1st quarter worth about $213,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORLY. Evercore ISI increased their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 target price on the stock. Wells Fargo & Company set a $115.00 target price on shares of O'Reilly Automotive and gave the stock an "overweight" rating in a research note on Wednesday. Barclays reissued an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, DA Davidson increased their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Moderate Buy" and an average price target of $109.12.

O'Reilly Automotive Price Performance

ORLY opened at $101.17 on Friday. The company's 50 day simple moving average is $103.86 and its two-hundred day simple moving average is $96.30. 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 capitalization of $85.84 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60.

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

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's 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 completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Company 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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