Wellington Management Group LLP Increases Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Wellington Management Group LLP increased its stake in O'Reilly Automotive by 20.8% in the first quarter, now owning approximately 3.36% of the company, valued at about $2.76 billion.
• Analysts are bullish on O'Reilly Automotive, with two analysts giving a "strong buy" rating, while the consensus target price is set at $103.38.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, a 5.9% increase year-over-year, although earnings per share met estimates at $0.78.

Wellington Management Group LLP boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,924,603 shares of the specialty retailer's stock after purchasing an additional 330,964 shares during the period. Wellington Management Group LLP owned about 3.36% of O'Reilly Automotive worth $2,757,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 position 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 valued at $7,504,421,000 after buying an additional 75,125 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 valued at $836,357,000 after buying an additional 147,904 shares during the last quarter. CCM Investment Group LLC purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 valued at $16,105,000 after buying an additional 3,866 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.6967, for a total value of $2,720,900.00. Following the sale, the senior vice president owned 240 shares of the company's stock, valued at $21,767.20. This trade represents a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,920 shares of company stock worth $15,487,502. 1.01% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ORLY. Truist Financial upped their price target 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. Evercore ISI upped their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. BMO Capital Markets upped their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Citigroup upped their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $104.40.

O'Reilly Automotive Stock Down 0.5%

ORLY traded down $0.56 during trading on Friday, reaching $102.31. 3,483,467 shares of the company were exchanged, compared to its average volume of 4,756,888. The company's 50-day moving average is $95.50 and its two-hundred day moving average is $92.30. The company has a market cap of $86.81 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.72 and a beta of 0.56. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $104.86.

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 analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.