O’Reilly Automotive, Inc. $ORLY Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,391.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 288,225 shares of the specialty retailer’s stock after purchasing an additional 268,903 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in O’Reilly Automotive were worth $25,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ORLY. William Blair Investment Management LLC increased its holdings in shares of O’Reilly Automotive by 1,269.2% during 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. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of O’Reilly Automotive by 1,401.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,194,636 shares of the specialty retailer’s stock valued at $197,803,000 after purchasing an additional 2,048,453 shares during the period. TD Asset Management Inc increased 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 purchasing an additional 1,994,449 shares during the period. Vaughan Nelson Investment Management L.P. increased 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 purchasing an additional 1,573,010 shares during the period. Finally, Congress Asset Management Co. increased 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 purchasing an additional 1,474,068 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ORLY shares. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a report on Friday. DA Davidson raised their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. Finally, Citigroup raised their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

O’Reilly Automotive Trading Down 1.0%

Shares of ORLY stock opened at $97.27 on Friday. The company has a market capitalization of $82.53 billion, a P/E ratio of 33.70, a P/E/G ratio of 2.60 and a beta of 0.60. The business’s 50 day moving average is $103.58 and its two-hundred day moving average is $96.61. O’Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, research 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.