Sumitomo Life Insurance Co. Has $979,000 Position in O’Reilly Automotive, Inc. $ORLY

Sumitomo Life Insurance Co. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,299.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,859 shares of the specialty retailer’s stock after buying an additional 10,083 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in O’Reilly Automotive were worth $979,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Jennison Associates LLC grew its position in O’Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after buying an additional 13,382,074 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 75,125 shares during the last quarter. Bessemer Group Inc. lifted its stake in 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 purchasing an additional 4,093,545 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in O’Reilly Automotive by 1,388.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock worth $347,325,000 after purchasing an additional 3,594,612 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake 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 worth $319,428,000 after purchasing an additional 3,285,249 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ORLY. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday. Citigroup upped their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. 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 note on Tuesday, August 12th. UBS Group restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Finally, Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a research note on Friday, October 24th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.28.

Insider Activity at O’Reilly Automotive

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 value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,080 shares of company stock worth $9,341,746 over the last three months. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $94.44 on Monday. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The stock 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. The stock has a fifty day moving average of $102.83 and a 200-day moving average of $96.86.

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

O’Reilly Automotive Company 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.