O’Reilly Automotive, Inc. $ORLY Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,408.4% in the 2nd quarter, Holdings Channel reports. The firm owned 527,980 shares of the specialty retailer’s stock after purchasing an additional 492,978 shares during the period. PNC Financial Services Group Inc.’s holdings in O’Reilly Automotive were worth $47,587,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of O’Reilly Automotive by 1,317.8% during the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares during the last quarter. Jennison Associates LLC increased its position in shares of O’Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Bessemer Group Inc. raised its stake in O’Reilly Automotive by 1,558.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock valued at $392,630,000 after purchasing an additional 4,093,545 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in O’Reilly Automotive by 1,388.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after purchasing an additional 3,594,612 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research report on Friday, October 24th. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the company an “outperform” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Finally, Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $98.35 on Friday. The company’s 50-day moving average is $101.49 and its two-hundred day moving average is $97.08. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The firm has a market capitalization of $83.45 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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 net margin of 14.23% and a negative return on equity of 206.86%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the firm earned $11.41 EPS. The business’s revenue 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. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director owned 8,125 shares in the company, valued at $752,375. The trade was a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.01% of the stock is currently owned by company insiders.

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.