Strs Ohio Takes Position in O'Reilly Automotive, Inc. $ORLY

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

A number of other institutional investors also recently bought and sold shares of ORLY. Vanguard Group Inc. boosted its stake in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after buying an additional 75,125 shares during the period. Wellington Management Group LLP boosted its stake in 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 worth $2,757,148,000 after buying an additional 330,964 shares during the period. GAMMA Investing LLC boosted its stake in 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 worth $2,610,507,000 after buying an additional 1,821,202 shares during the period. Amundi boosted its stake in O'Reilly Automotive by 4.7% during the first quarter. Amundi now owns 734,322 shares of the specialty retailer's stock worth $1,058,345,000 after buying an additional 32,917 shares during the period. Finally, Northern Trust Corp boosted its stake in O'Reilly Automotive by 0.8% during the first quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock worth $941,403,000 after buying an additional 5,172 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the firm'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 owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maria Sastre sold 595 shares of the firm'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 transaction, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ORLY shares. Royal Bank Of Canada lifted their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Citigroup lifted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays reiterated an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. DA Davidson increased their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Truist Financial increased their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Buy" and a consensus target price of $104.40.

O'Reilly Automotive Trading Down 0.3%

Shares of O'Reilly Automotive stock opened at $107.50 on Friday. The stock's fifty day moving average price is $100.11 and its 200-day moving average price is $94.03. The firm has a market cap of $91.21 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.85 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12 month low of $73.33 and a 12 month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.

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