O'Reilly Automotive, Inc. $ORLY Stock: Provident Investment Management Inc. Lowers Holdings

Key Points

• Provident Investment Management reduced its O’Reilly Automotive stake by 10.2% in the third quarter, selling 38,219 shares and retaining 336,820 shares valued at approximately $28.8 million.
• Institutional investors own about 85% of ORLY’s outstanding shares, although insider ownership is relatively low at 0.77%; company directors also reported recent stock sales.
• O’Reilly reported quarterly revenue of $4.89 billion, up 8.1% year over year, while meeting analysts’ EPS expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $107.32 versus the stock’s reported $89.92 price.

Provident Investment Management Inc. cut its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,820 shares of the specialty retailer's stock after selling 38,219 shares during the quarter. O'Reilly Automotive comprises approximately 2.9% of Provident Investment Management Inc.'s investment portfolio, making the stock its 16th biggest holding. Provident Investment Management Inc.'s holdings in O'Reilly Automotive were worth $28,768,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of O'Reilly Automotive by 26.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer's stock worth $5,381,000 after purchasing an additional 12,316 shares during the period. Swiss National Bank boosted its position in O'Reilly Automotive by 6.5% in the first quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer's stock valued at $228,670,000 after buying an additional 152,100 shares during the last quarter. Corient Private Wealth LP boosted its position in O'Reilly Automotive by 46.0% in the second quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer's stock valued at $99,189,000 after buying an additional 339,465 shares during the last quarter. Nykredit A S acquired a new position in O'Reilly Automotive in the 2nd quarter worth approximately $34,040,000. Finally, National Pension Service increased its holdings in O'Reilly Automotive by 2.0% in the 2nd quarter. National Pension Service now owns 2,279,184 shares of the specialty retailer's stock worth $209,890,000 after buying an additional 43,770 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Performance

NASDAQ ORLY opened at $89.92 on Monday. The firm has a market capitalization of $72.74 billion, a P/E ratio of 28.64, a PEG ratio of 2.23 and a beta of 0.54. The stock has a 50-day simple moving average of $87.23 and a two-hundred day simple moving average of $89.17. O'Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $102.46.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, analysts forecast that O'Reilly Automotive, Inc. will post 3.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent research reports. Robert W. Baird set a $100.00 price target on shares of O'Reilly Automotive and gave the stock a "neutral" rating in a research report on Friday, July 31st. Weiss Ratings cut shares of O'Reilly Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. Raymond James Financial reaffirmed an "outperform" rating and issued a $110.00 price objective (down from $115.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $111.00 price objective (up from $110.00) on shares of O'Reilly Automotive in a report on Tuesday, October 20th. Finally, Morgan Stanley cut their price objective on shares of O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and a consensus target price of $107.32.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, Director Maria Sastre sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total value of $183,700.00. Following the sale, the director owned 14,970 shares in the company, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas Hendrickson sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the sale, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,000 shares of company stock worth $550,530. 0.77% of the stock is owned by corporate insiders.

About O'Reilly Automotive

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.

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