Oppenheimer Asset Management Inc. Acquires 80,246 Shares of O’Reilly Automotive, Inc. $ORLY

Oppenheimer Asset Management Inc. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,609.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 85,231 shares of the specialty retailer’s stock after acquiring an additional 80,246 shares during the period. Oppenheimer Asset Management Inc.’s holdings in O’Reilly Automotive were worth $7,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 valued at $7,504,421,000 after purchasing an additional 75,125 shares during the period. William Blair Investment Management LLC lifted its position in O’Reilly Automotive by 1,269.2% during the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock valued at $319,428,000 after purchasing an additional 3,285,249 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1,401.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,194,636 shares of the specialty retailer’s stock valued at $197,803,000 after buying an additional 2,048,453 shares during the period. TD Asset Management Inc lifted its holdings in shares of O’Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock valued at $194,567,000 after buying an additional 1,994,449 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of O’Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer’s stock valued at $2,757,148,000 after buying an additional 330,964 shares during the period. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ORLY shares. Wells Fargo & Company set a $115.00 target price on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada set a $110.00 target price on O’Reilly Automotive and gave the company an “outperform” rating in a report on Friday. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research note on Monday, October 20th. Finally, Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.28.

O’Reilly Automotive Trading Down 1.5%

NASDAQ ORLY opened at $95.79 on Tuesday. O’Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The stock has a market cap of $81.28 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.56 and a beta of 0.60. The company’s 50 day moving average is $103.47 and its two-hundred day moving average is $96.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,080 shares of company stock valued at $9,341,746 over the last ninety days. 1.01% of the stock is currently owned by company insiders.

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.