O’Reilly Automotive, Inc. $ORLY Stake Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,409.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 444,982 shares of the specialty retailer’s stock after acquiring an additional 415,496 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of O’Reilly Automotive worth $40,106,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. AE Wealth Management LLC increased its holdings in O’Reilly Automotive by 6.5% in the first quarter. AE Wealth Management LLC now owns 1,211 shares of the specialty retailer’s stock valued at $1,735,000 after buying an additional 74 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of O’Reilly Automotive by 6.2% in the 1st quarter. Pinnacle Associates Ltd. now owns 758 shares of the specialty retailer’s stock worth $1,086,000 after acquiring an additional 44 shares in the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of O’Reilly Automotive by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock valued at $317,000 after acquiring an additional 9 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of O’Reilly Automotive by 8.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,851 shares of the specialty retailer’s stock valued at $4,084,000 after acquiring an additional 226 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in O’Reilly Automotive by 7.5% during the first quarter. Cetera Investment Advisers now owns 18,712 shares of the specialty retailer’s stock worth $26,807,000 after purchasing an additional 1,307 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 1.4%

ORLY opened at $100.43 on Friday. The business’s 50 day moving average is $100.62 and its 200-day moving average is $97.33. The stock has a market cap of $84.77 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results 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. 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 the consensus estimate of $4.69 billion. During the same quarter in the previous year, the business earned $11.41 EPS. The firm’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. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ORLY shares. The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 24th. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday, November 5th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a report on Monday, October 20th. Finally, Wolfe Research initiated coverage on O’Reilly Automotive in a report 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 MarketBeat, the stock 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 firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the transaction, the director owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.01% of the stock is 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.