Deseret Mutual Benefit Administrators Grows Position in O’Reilly Automotive, Inc. $ORLY

Deseret Mutual Benefit Administrators lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,365 shares of the specialty retailer’s stock after purchasing an additional 4,074 shares during the period. Deseret Mutual Benefit Administrators’ holdings in O’Reilly Automotive were worth $393,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. Oarsman Capital Inc. grew its position in shares of O’Reilly Automotive by 1,950.5% during the second quarter. Oarsman Capital Inc. now owns 24,893 shares of the specialty retailer’s stock worth $2,244,000 after acquiring an additional 23,679 shares during the last quarter. Jennison Associates LLC boosted its position in shares of O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Biltmore Family Office LLC now owns 2,340 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 2,184 shares during the period. Providence First Trust Co boosted its holdings in shares of O’Reilly Automotive by 1,433.6% during the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares during the period. Finally, Zhang Financial LLC boosted its holdings in shares of O’Reilly Automotive by 1,373.9% during the second quarter. Zhang Financial LLC now owns 3,390 shares of the specialty retailer’s stock worth $306,000 after purchasing an additional 3,160 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORLY has been the topic of a number of recent analyst reports. Guggenheim lifted 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. TD Cowen upped their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research report on Monday. Argus started 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 on the stock. Finally, The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.28.

O’Reilly Automotive Stock Up 0.5%

ORLY stock opened at $96.30 on Wednesday. The company has a market cap of $81.71 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The business has a 50-day simple moving average of $103.33 and a 200 day simple moving average of $96.80.

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 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 for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the business earned $11.41 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In related news, 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 value 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. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $60,874.45. Following the transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 91,080 shares of company stock worth $9,341,746. 1.01% of the stock is currently owned by insiders.

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.