Bank of New York Mellon Corp Purchases 16,406,181 Shares of O’Reilly Automotive, Inc. $ORLY

Bank of New York Mellon Corp boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,317.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,651,104 shares of the specialty retailer’s stock after acquiring an additional 16,406,181 shares during the quarter. Bank of New York Mellon Corp owned 2.06% of O’Reilly Automotive worth $1,590,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 during the last quarter. Bessemer Group Inc. increased its holdings in shares of O’Reilly Automotive by 1,558.2% during the second quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock worth $392,630,000 after buying an additional 4,093,545 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of O’Reilly Automotive by 1,388.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after acquiring an additional 3,594,612 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of O’Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock valued at $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

ORLY stock opened at $94.44 on Monday. The firm has a 50 day moving average price of $102.83 and a 200-day moving average price of $96.86. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The firm has a market capitalization of $80.13 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.48 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the firm posted $11.41 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on ORLY shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday. Wolfe Research assumed coverage on O’Reilly Automotive in a report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target for the company. Evercore ISI upped their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, DA Davidson boosted their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.28.

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.