Parnassus Investments LLC Has $93.88 Million Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Parnassus Investments LLC sold 13,242 shares of O'Reilly Automotive, reducing its position by 16.8%, leaving it with a total of 65,534 shares worth approximately $93.88 million.
• O'Reilly Automotive reported a 5.9% increase in revenue year-over-year, totaling $4.53 billion, but had earnings per share (EPS) of $0.78 which met analysts' expectations.
• Insider trading activity has been significant, with a director and senior vice president collectively selling over 88,000 shares in August, indicating notable insider movements in the company's stock.

Parnassus Investments LLC trimmed its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 16.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,534 shares of the specialty retailer's stock after selling 13,242 shares during the period. Parnassus Investments LLC owned 0.11% of O'Reilly Automotive worth $93,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth about $25,000. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth about $26,000. HighMark Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the period. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth about $30,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of O'Reilly Automotive in the 4th quarter worth about $37,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ORLY. JPMorgan Chase & Co. raised their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Citigroup raised their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group raised their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson raised their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets raised their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" 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 assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $104.40.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last 90 days. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Trading Down 0.3%

Shares of ORLY traded down $0.31 during midday trading on Monday, hitting $103.68. The stock had a trading volume of 2,952,643 shares, compared to its average volume of 4,305,795. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The business has a 50-day simple moving average of $96.98 and a two-hundred day simple moving average of $92.87. The firm has a market cap of $87.97 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts expect 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.