Trust Asset Management LLC Increases Holdings in O’Reilly Automotive, Inc. $ORLY

Trust Asset Management LLC grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,035 shares of the specialty retailer’s stock after acquiring an additional 9,366 shares during the period. Trust Asset Management LLC’s holdings in O’Reilly Automotive were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its position in shares of O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after buying an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after buying an additional 1,474,068 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after buying an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of O’Reilly Automotive by 1,290.1% in the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer’s stock worth $101,627,000 after buying an additional 1,050,901 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of O’Reilly Automotive by 1,403.1% in the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock worth $69,031,000 after buying an additional 714,953 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the company’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 transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% 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. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ORLY. Guggenheim boosted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research report 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. TD Cowen boosted their target price on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Barclays reissued an “equal weight” rating and set a $86.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 25th. Finally, Royal Bank Of Canada upped their price objective on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen 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 a consensus target price of $107.17.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $101.85 on Wednesday. The company has a market cap of $86.42 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The stock’s 50 day simple moving average is $103.79 and its two-hundred day simple moving average is $95.91. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.