Eastern Bank Increases Stake in O’Reilly Automotive, Inc. $ORLY

Eastern Bank lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,272.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,978 shares of the specialty retailer’s stock after acquiring an additional 214,143 shares during the period. Eastern Bank’s holdings in O’Reilly Automotive were worth $20,818,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ORLY. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of O’Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after acquiring an additional 1,573,010 shares during the period. Congress Asset Management Co. lifted its holdings in shares of 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 worth $142,449,000 after acquiring an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in O’Reilly Automotive by 1,438.7% in the second 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. DAVENPORT & Co LLC raised its holdings in O’Reilly Automotive by 1,290.1% in the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer’s stock valued at $101,627,000 after buying an additional 1,050,901 shares during the period. Finally, Blair William & Co. IL raised its holdings in O’Reilly Automotive by 1,377.8% in the second quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer’s stock valued at $97,305,000 after buying an additional 1,006,559 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm’s 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 directly owned 10,305 shares of the company’s stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last three months. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Up 2.4%

ORLY opened at $102.15 on Friday. The firm has a market capitalization of $86.67 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.64 and a beta of 0.60. The firm’s 50 day moving average is $103.90 and its 200-day moving average is $96.07. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORLY. JPMorgan Chase & Co. raised their price target on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Wolfe Research began coverage on shares of O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. UBS Group raised their price target on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Barclays restated an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $107.17.

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.