Vaughan Nelson Investment Management L.P. Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

Vaughan Nelson Investment Management L.P. raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,052.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,722,403 shares of the specialty retailer’s stock after purchasing an additional 1,573,010 shares during the quarter. O’Reilly Automotive accounts for about 1.5% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 18th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in O’Reilly Automotive were worth $155,240,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORLY. Congress Asset Management Co. boosted its position in O’Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after buying an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in O’Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock valued at $125,150,000 after buying an additional 1,298,307 shares during the period. Farther Finance Advisors LLC boosted its position in O’Reilly Automotive by 1,403.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock valued at $69,031,000 after buying an additional 714,953 shares during the period. Nuveen LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $897,549,000. Finally, Argent Capital Management LLC boosted its position in O’Reilly Automotive by 1,379.2% during the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer’s stock valued at $54,721,000 after buying an additional 566,087 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ORLY shares. Wolfe Research assumed 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 target for the company. Barclays restated an “equal weight” rating and issued a $86.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a report on Saturday, September 27th. TD Cowen upped their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, BMO Capital Markets upped their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $107.17.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $104.79 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $76.10 and a 1 year high of $108.71. The stock has a market cap of $88.91 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The firm has a 50-day moving average of $103.61 and a 200 day moving average of $95.68.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the company posted $10.55 EPS. O’Reilly Automotive’s revenue was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Company 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.