Securian Asset Management Inc. Boosts Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Securian Asset Management Inc. has significantly increased its investment in O'Reilly Automotive, growing its holdings by 1,365.3% in the second quarter, now owning 44,692 shares worth $4,028,000.
• Other institutional investors, like Vanguard Group and TD Asset Management, have also expanded their positions in O'Reilly Automotive, with Vanguard holding over 5.2 million shares valued at approximately $7.5 billion.
• Several analysts have raised their price targets for O'Reilly Automotive, with Citigroup increasing its target from $104.00 to $114.00, while the company maintains an average target price of $110.04.

Securian Asset Management Inc. grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,365.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,692 shares of the specialty retailer's stock after purchasing an additional 41,642 shares during the quarter. Securian Asset Management Inc.'s holdings in O'Reilly Automotive were worth $4,028,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after acquiring an additional 75,125 shares in the last quarter. William Blair Investment Management LLC increased its holdings in O'Reilly Automotive by 1,269.2% in the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock worth $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. TD Asset Management Inc increased its holdings in O'Reilly Automotive by 1,214.0% in the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after acquiring an additional 1,994,449 shares in the last quarter. Wellington Management Group LLP increased its holdings in O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after acquiring an additional 330,964 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Up 0.3%

Shares of ORLY opened at $101.31 on Wednesday. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The firm's fifty day moving average is $103.76 and its two-hundred day moving average is $96.45. The stock has a market cap of $85.96 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the company posted $10.55 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ORLY shares. Citigroup boosted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Truist Financial boosted their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Weiss Ratings reissued a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Finally, Guggenheim boosted their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.04.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the business's 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 transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. The trade was a 87.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.

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.

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