Candriam S.C.A. Boosts Stock Position in O’Reilly Automotive, Inc. $ORLY

Candriam S.C.A. lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 298.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,811 shares of the specialty retailer’s stock after acquiring an additional 44,814 shares during the quarter. Candriam S.C.A.’s holdings in O’Reilly Automotive were worth $5,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in shares of O’Reilly Automotive in the first quarter worth $25,000. Oakworth Capital Inc. boosted its holdings in O’Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC increased its stake in O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after buying an additional 280 shares in the last quarter. Canton Hathaway LLC raised its holdings in O’Reilly Automotive by 1,400.0% during the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 280 shares during the period. Finally, ORG Partners LLC raised its holdings in O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction that occurred 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 transaction, the director owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ORLY. Mizuho set a $112.00 price objective on O’Reilly Automotive in a research note on Monday, October 20th. Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Finally, Wolfe Research started coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 target price for the company. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.89.

O’Reilly Automotive Trading Up 0.5%

NASDAQ ORLY opened at $98.80 on Friday. The stock has a market cap of $83.40 billion, a PE ratio of 34.23, a PEG ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The company’s 50-day moving average price is $101.37 and its 200-day moving average price is $97.16.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.