Candriam S.C.A. Grows Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Candriam S.C.A. increased its stake in O'Reilly Automotive by 299.3%, acquiring a total of 14,997 shares valued at approximately $21.48 million.
• O'Reilly Automotive has received positive ratings from multiple brokerages, with price targets ranging from $105 to $120, indicating strong upside potential for the stock.
• Insider selling activity includes SVP Ramon Parises Odems selling 30,000 shares for approximately $2.72 million, reflecting a significant decrease in his holdings.

Candriam S.C.A. grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 299.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,997 shares of the specialty retailer's stock after buying an additional 11,241 shares during the quarter. Candriam S.C.A.'s holdings in O'Reilly Automotive were worth $21,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of O'Reilly Automotive by 71.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 656 shares of the specialty retailer's stock valued at $940,000 after buying an additional 273 shares during the last quarter. Credit Agricole S A raised its position in O'Reilly Automotive by 9.4% in the first quarter. Credit Agricole S A now owns 5,031 shares of the specialty retailer's stock worth $7,207,000 after acquiring an additional 432 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in O'Reilly Automotive by 87.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,396 shares of the specialty retailer's stock worth $6,298,000 after acquiring an additional 2,057 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of O'Reilly Automotive by 4.8% during the 1st quarter. Legacy Financial Advisors Inc. now owns 507 shares of the specialty retailer's stock valued at $727,000 after purchasing an additional 23 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of O'Reilly Automotive by 20.8% during 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 period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Guggenheim raised their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Evercore ISI lifted their price objective on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus price target of $104.40.

Insider Activity

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the sale, the senior vice president directly owned 240 shares in the company, valued at approximately $21,767.20. This represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,920 shares of company stock worth $15,487,502 over the last 90 days. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $1.36 during trading hours on Tuesday, hitting $103.83. The company's stock had a trading volume of 1,195,335 shares, compared to its average volume of 5,567,164. 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 capitalization of $88.10 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 2.70 and a beta of 0.56. The firm's fifty day moving average price is $95.78 and its 200 day moving average price is $92.44.

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

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.