Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,487.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,334 shares of the specialty retailer’s stock after acquiring an additional 317,952 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in O’Reilly Automotive were worth $30,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Adero Partners LLC lifted its stake in O’Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after acquiring an additional 8 shares during the period. Avior Wealth Management LLC lifted its stake in O’Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock valued at $342,000 after acquiring an additional 8 shares during the period. Lindbrook Capital LLC lifted its stake in O’Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after acquiring an additional 8 shares during the period. Geneos Wealth Management Inc. lifted its stake in O’Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after acquiring an additional 8 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in O’Reilly Automotive by 3.2% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer’s stock valued at $417,000 after acquiring an additional 9 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s 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. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 in the last quarter. 1.01% of the stock is owned by insiders.

Analysts Set New Price Targets

ORLY has been the subject of several research reports. Evercore ISI lifted 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. 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 target price for the company. TD Cowen boosted their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Argus began coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and an average price target of $107.17.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $104.79 on Friday. The firm has a market cap of $88.91 billion, a PE ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60. The firm has a fifty day moving average of $103.61 and a 200 day moving average of $95.68. O’Reilly Automotive, Inc. has a one year low of $76.10 and a one year high of $108.71.

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