17,936 Shares in O'Reilly Automotive, Inc. $ORLY Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake in O'Reilly Automotive, purchasing 17,936 shares valued at approximately $25.7 million.
• Vanguard Group and Wellington Management also increased their holdings, with Vanguard now owning over $7.5 billion in O'Reilly stock.
• O'Reilly Automotive's stock received price target upgrades from several analysts, with Royal Bank of Canada raising its target from $98 to $104, reflecting a positive outlook for the company.

Strs Ohio purchased a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,936 shares of the specialty retailer's stock, valued at approximately $25,695,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Nuveen LLC bought a new stake in shares of O'Reilly Automotive during the first quarter valued at about $897,549,000. Wellington Management Group LLP raised its stake in shares of O'Reilly Automotive by 20.8% during the first 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of O'Reilly Automotive by 197.2% during the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock valued at $434,765,000 after purchasing an additional 201,356 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of O'Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after purchasing an additional 147,904 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. The trade was a 63.71% 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 that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly 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 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 corporate insiders.

O'Reilly Automotive Price Performance

NASDAQ ORLY traded down $0.03 on Thursday, hitting $104.52. 2,004,557 shares of the company were exchanged, compared to its average volume of 5,467,995. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The company's 50 day moving average price is $100.90 and its 200-day moving average price is $94.35. The firm has a market capitalization of $88.68 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.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 business posted $10.55 EPS. The business's revenue for the quarter was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. TD Cowen lifted their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday. Truist Financial lifted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. DA Davidson boosted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Argus started coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Company 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.