O’Reilly Automotive, Inc. $ORLY Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,355.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 365,225 shares of the specialty retailer’s stock after acquiring an additional 340,124 shares during the period. Public Employees Retirement System of Ohio’s holdings in O’Reilly Automotive were worth $32,918,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ORLY. Bank of Jackson Hole Trust acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth about $25,000. HWG Holdings LP purchased a new stake in O’Reilly Automotive during the 1st quarter valued at about $26,000. HighMark Wealth Management LLC grew its stake in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s 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 sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This trade 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 125,635 shares of company stock valued at $12,740,916 over the last quarter. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target for the company. DA Davidson raised their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Citigroup raised their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Guggenheim raised their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Argus assumed coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $107.17.

O’Reilly Automotive Trading Down 0.3%

Shares of ORLY opened at $103.47 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $75.32 and a twelve month high of $108.42. The firm’s fifty day simple moving average is $102.07 and its 200-day simple moving average is $94.83. The firm has a market capitalization of $87.79 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.74 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the business earned $10.55 EPS. The company’s revenue was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.