TCV Trust & Wealth Management Inc. Has $11.57 Million Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• TCV Trust & Wealth Management Inc. significantly increased its stake in O'Reilly Automotive by 1,412.5%, bringing its total holdings to 128,384 shares worth approximately $11.57 million.
• Several large investors, including Vanguard Group and Wellington Management, also raised their positions in O'Reilly Automotive, with institutional investors now owning 85% of the company's stock.
• O'Reilly Automotive has received multiple analyst upgrades, with price targets rising, including JPMorgan's increase from $101 to $113 and Argus initiating coverage with a buy rating and a target of $120.

TCV Trust & Wealth Management Inc. lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,412.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,384 shares of the specialty retailer's stock after buying an additional 119,896 shares during the period. TCV Trust & Wealth Management Inc.'s holdings in O'Reilly Automotive were worth $11,571,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after buying an additional 3,272 shares during the period. Vanguard Group Inc. lifted its stake in shares of O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of O'Reilly Automotive by 33.9% in 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 buying an additional 147,904 shares during the period. CCM Investment Group LLC bought a new stake in shares of O'Reilly Automotive in the first quarter valued at about $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of O'Reilly Automotive by 52.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock valued at $16,105,000 after buying an additional 3,866 shares during the period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Up 0.2%

Shares of O'Reilly Automotive stock traded up $0.24 during midday trading on Friday, reaching $103.93. The company had a trading volume of 10,047,562 shares, compared to its average volume of 4,166,746. The company has a market capitalization of $88.18 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The stock has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $94.56. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The business 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%. O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Cowen increased their target price 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, September 15th. UBS Group raised their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays restated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Wells Fargo & Company raised their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Truist Financial raised their price target on shares of 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 research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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.