TD Waterhouse Canada Inc. Grows Stake in O’Reilly Automotive, Inc. $ORLY

TD Waterhouse Canada Inc. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,416.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,320 shares of the specialty retailer’s stock after purchasing an additional 95,572 shares during the period. TD Waterhouse Canada Inc.’s holdings in O’Reilly Automotive were worth $9,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after acquiring an additional 73,596,571 shares in the last quarter. Geode Capital Management LLC grew its stake in O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after purchasing an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp lifted 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 worth $1,590,894,000 after purchasing an additional 16,406,181 shares during the period. Jennison Associates LLC grew its holdings in O’Reilly Automotive by 1,820.9% in 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 purchasing an additional 13,382,074 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of O’Reilly Automotive by 1,467.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock worth $824,934,000 after purchasing an additional 8,568,904 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORLY. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, November 5th. Morgan Stanley lifted their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Wolfe Research initiated coverage on O’Reilly Automotive in a research report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Argus assumed coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, October 24th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $111.89.

Insider Activity

In related 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 value of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares in the company, valued at approximately $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Up 0.4%

NASDAQ:ORLY opened at $98.70 on Thursday. The business’s 50-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 PEG ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 52-week low of $78.30 and a 52-week high of $108.71.

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