Rathbones Group PLC Purchases 1,402,058 Shares of O’Reilly Automotive, Inc. $ORLY

Rathbones Group PLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,360.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,505,124 shares of the specialty retailer’s stock after acquiring an additional 1,402,058 shares during the period. Rathbones Group PLC’s holdings in O’Reilly Automotive were worth $135,657,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. The Goldman Sachs Group set a $121.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada set a $110.00 target price on O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Friday, October 24th. Nineteen investment 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 company has an average rating of “Moderate Buy” and an average price target of $111.89.

Insider Buying and Selling

In related news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 3,125 shares of the company’s 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 completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at $752,375. The trade was a 27.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 92,205 shares of company stock worth $9,423,501. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $97.09 on Friday. The stock has a market cap of $82.38 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.48 and a beta of 0.57. The stock’s fifty day moving average is $101.93 and its 200 day moving average is $96.91. O’Reilly Automotive, Inc. has a one year low of $78.30 and a one year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating 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 previous year, the firm earned $11.41 EPS. The business’s quarterly revenue 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 predict that O’Reilly Automotive, Inc. will post 43.94 EPS 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.