O'Reilly Automotive, Inc. $ORLY Shares Purchased by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI increased its stake in O'Reilly Automotive by 14.3% to approximately $118.37 million, making it the institution's 27th biggest position.
• O'Reilly Automotive reported $4.53 billion in revenue for the latest quarter, with earnings per share (EPS) meeting analyst estimates at $0.78.
• Investment analysts have a consensus rating of "Buy" for O'Reilly Automotive, with target prices adjusted upward by firms like Wells Fargo and JPMorgan Chase.

Zurich Insurance Group Ltd FI lifted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,628 shares of the specialty retailer's stock after acquiring an additional 10,337 shares during the quarter. O'Reilly Automotive accounts for approximately 1.0% of Zurich Insurance Group Ltd FI's portfolio, making the stock its 27th largest holding. Zurich Insurance Group Ltd FI owned about 0.14% of O'Reilly Automotive worth $118,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Wellington Management Group LLP boosted its holdings 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 in the last quarter. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Amundi boosted its holdings 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 in the last quarter. Finally, Northern Trust Corp boosted its holdings 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 in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Up 2.6%

Shares of NASDAQ:ORLY traded up $2.71 during trading on Thursday, reaching $107.82. The stock had a trading volume of 5,270,346 shares, compared to its average volume of 3,875,841. The business has a fifty day moving average price of $99.78 and a 200-day moving average price of $93.91. The stock has a market cap of $91.48 billion, a P/E ratio of 38.54, a PEG ratio of 2.78 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.07.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data 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%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. UBS Group boosted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Guggenheim boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets upped their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $104.40.

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.