Bleakley Financial Group LLC Takes Position in O’Reilly Automotive, Inc. $ORLY

Bleakley Financial Group LLC bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,295 shares of the specialty retailer’s stock, valued at approximately $1,829,000.

Several other institutional investors also recently modified their holdings of ORLY. William Blair Investment Management LLC grew its holdings in shares of O’Reilly Automotive by 1,269.2% in the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock valued at $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of O’Reilly Automotive by 1,214.0% in the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock valued at $194,567,000 after acquiring an additional 1,994,449 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock valued at $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after acquiring an additional 1,474,068 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock valued at $125,150,000 after acquiring an additional 1,298,307 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly 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. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last three months. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Down 1.0%

Shares of NASDAQ ORLY opened at $97.27 on Friday. The stock has a fifty day simple moving average of $103.58 and a two-hundred day simple moving average of $96.61. O’Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The firm has a market cap of $82.53 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.60 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping 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 firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same period last year, the company earned $11.41 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORLY. BMO Capital Markets upped their target price on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Mizuho set a $112.00 target price on O’Reilly Automotive in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday, October 8th. Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Evercore ISI increased their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.00.

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.