O'Reilly Automotive, Inc. $ORLY Shares Bought by Wellington Management Group LLP

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.

Several other large investors also recently modified their holdings of the stock. Carolinas Wealth Consulting LLC boosted its stake in shares of O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after purchasing an additional 8 shares during the period. Marcum Wealth LLC grew its holdings 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 worth $301,000 after purchasing an additional 8 shares during the last quarter. Adero Partners LLC increased its stake in O'Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after buying an additional 8 shares during the period. Avior Wealth Management LLC lifted its holdings in O'Reilly Automotive by 3.5% during the 1st 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 in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 0.5%

Shares of ORLY stock traded down $0.56 during mid-day trading on Friday, hitting $102.31. 3,483,347 shares of the stock were exchanged, compared to its average volume of 5,611,177. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.86. The company has a market cap of $86.81 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The firm has a fifty day moving average of $95.25 and a 200 day moving average of $92.20.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly 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 negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive'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. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ORLY. DA Davidson lifted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Argus began coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price for the company. BMO Capital Markets raised their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Mizuho upped their price objective on shares of O'Reilly Automotive from $93.3333 to $96.3333 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average target price of $104.40.

Insider Transactions at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This represents a 63.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 6th. The stock was 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 owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,920 shares of company stock worth $15,487,502 in the last ninety days. Company insiders own 1.01% of the company's stock.

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.