O’Reilly Automotive, Inc. $ORLY Stock Position Boosted by State Street Corp

State Street Corp raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,424.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 37,179,783 shares of the specialty retailer’s stock after buying an additional 34,740,553 shares during the period. State Street Corp’s holdings in O’Reilly Automotive were worth $3,351,014,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brant Point Investment Management LLC boosted its stake in O’Reilly Automotive by 1,244.7% during the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock valued at $13,476,000 after purchasing an additional 138,401 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of O’Reilly Automotive by 785.7% in the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares in the last quarter. Providence First Trust Co lifted its holdings in shares of O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 6,408 shares during the period. Maryland State Retirement & Pension System boosted its stake in O’Reilly Automotive by 1,431.9% during the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after buying an additional 38,718 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in O’Reilly Automotive by 1,063.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after buying an additional 98,616 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In related news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,980 shares of company stock worth $882,335 over the last three months. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 3.9%

ORLY opened at $94.25 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71. The stock’s 50 day moving average price is $99.30 and its two-hundred day moving average price is $98.14. The firm has a market capitalization of $79.56 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly 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. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ORLY. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Wolfe Research initiated coverage on O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective for the company. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, Baird R W raised O’Reilly Automotive to a “strong-buy” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.05.

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.