Vanguard Group Inc. Increases Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• Vanguard Group Inc. increased its stake in O'Reilly Automotive by 1.5% during the first quarter, owning 5,238,396 shares valued at approximately $7.5 billion.
• Analysts have recently raised their price targets for O'Reilly Automotive, with UBS Group setting a new target of $115 and Royal Bank of Canada adjusting its target to $104, reflecting strong investor sentiment.
• O'Reilly Automotive reported a 5.9% increase in quarterly revenue year-over-year, with earnings per share meeting consensus at $0.78.

Vanguard Group Inc. raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,238,396 shares of the specialty retailer's stock after purchasing an additional 75,125 shares during the quarter. Vanguard Group Inc. owned 9.15% of O'Reilly Automotive worth $7,504,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $25,000. HighMark Wealth Management LLC boosted its stake in shares of O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after buying an additional 13 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $43,000. Finally, Vestor Capital LLC purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group lifted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Citigroup lifted their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets boosted their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Stock Up 2.2%

Shares of NASDAQ:ORLY opened at $104.44 on Thursday. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $104.67. The stock's fifty day simple moving average is $92.68 and its 200-day simple moving average is $90.85. The company has a market capitalization of $89.28 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.71 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.55 earnings per share. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Najera Jose A. Montellano sold 285 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the transaction, the director owned 4,560 shares of the company's stock, valued at $419,216. The trade was a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,840 shares of company stock valued at $6,421,556. 1.01% of the stock is owned by company 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.

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