Robeco Institutional Asset Management B.V. Purchases 1,298,307 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its holdings in O'Reilly Automotive by acquiring an additional 1,298,307 shares, raising its position by 1,438.7% during the 2nd quarter.
• O'Reilly Automotive's stock is presently rated as a "Buy" by most analysts, with a consensus price target of $107.17, indicating bullish sentiment among researchers.
• Despite positive developments, O'Reilly Automotive's stock price has recently decreased by 0.7%, with current trading around $104.97, amidst a backdrop of institutional ownership at 85%.

Robeco Institutional Asset Management B.V. raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,438.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,550 shares of the specialty retailer's stock after purchasing an additional 1,298,307 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.16% of O'Reilly Automotive worth $125,150,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORLY. Merit Financial Group LLC raised its position in O'Reilly Automotive by 25.9% in the 1st quarter. Merit Financial Group LLC now owns 1,971 shares of the specialty retailer's stock valued at $2,824,000 after buying an additional 406 shares during the last quarter. HBW Advisory Services LLC acquired a new position in O'Reilly Automotive during the 1st quarter worth approximately $271,000. RFG Advisory LLC bought a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $586,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of O'Reilly Automotive by 69.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 589 shares of the specialty retailer's stock valued at $844,000 after purchasing an additional 242 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of O'Reilly Automotive by 18.8% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 101 shares of the specialty retailer's stock valued at $145,000 after purchasing an additional 16 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of analyst reports. 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 report 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 price objective for the company. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. BMO Capital Markets increased 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. Finally, TD Cowen boosted their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Stock Down 0.7%

NASDAQ:ORLY opened at $104.97 on Friday. O'Reilly Automotive, Inc. has a 12-month low of $75.93 and a 12-month high of $108.71. The firm has a market capitalization of $89.07 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 2.79 and a beta of 0.60. The stock's 50 day moving average price is $103.46 and its two-hundred day moving average price is $95.57.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the firm earned $10.55 EPS. The firm's 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 research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction dated 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 of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.