Empirical Finance LLC Grows Stock Position in O’Reilly Automotive, Inc. $ORLY

Empirical Finance LLC raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,410.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,417 shares of the specialty retailer’s stock after acquiring an additional 30,271 shares during the period. Empirical Finance LLC’s holdings in O’Reilly Automotive were worth $2,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 1,404.9% during the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after purchasing an additional 73,596,571 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of O’Reilly Automotive by 1,443.1% during the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after buying an additional 22,144,563 shares during the period. Bank of New York Mellon Corp boosted its position 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 buying an additional 16,406,181 shares during the period. Jennison Associates LLC grew its stake 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 valued at $1,272,363,000 after buying an additional 13,382,074 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of O’Reilly Automotive by 1,467.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock worth $824,934,000 after buying an additional 8,568,904 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a report on Friday, October 24th. Evercore ISI lifted their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday, October 31st. TD Cowen raised their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.89.

O’Reilly Automotive Trading Up 0.4%

Shares of O’Reilly Automotive stock opened at $98.70 on Thursday. The stock’s fifty day moving average price is $100.94 and its 200-day moving average price is $97.26. The firm has a market cap of $83.31 billion, a P/E ratio of 34.19, a P/E/G 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.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the firm posted $11.41 EPS. The company’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 earnings per share for the current 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.