O’Reilly Automotive, Inc. $ORLY Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,008.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,235 shares of the specialty retailer’s stock after acquiring an additional 176,714 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in O’Reilly Automotive were worth $17,506,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust acquired a new position in O’Reilly Automotive during the first quarter worth $25,000. Elequin Capital LP acquired a new position in O’Reilly Automotive during the 1st quarter worth about $30,000. Saudi Central Bank acquired a new position in O’Reilly Automotive during the 1st quarter worth about $33,000. Accredited Wealth Management LLC purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $42,000. Finally, SouthState Corp acquired a new position in O’Reilly Automotive in the 1st quarter valued at about $73,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares in the company, valued at approximately $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 0.7%

ORLY opened at $100.84 on Friday. The firm has a market cap of $85.12 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The business’s 50 day moving average is $100.23 and its two-hundred day moving average is $97.67.

O’Reilly Automotive (NASDAQ:ORLY) last announced its 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. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday, November 5th. Truist Financial set a $109.00 price target on O’Reilly Automotive in a report on Friday, October 24th. Finally, TD Cowen lifted their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

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.