Allspring Global Investments Holdings LLC Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

Allspring Global Investments Holdings LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 895.2% during the 2nd quarter, Holdings Channel reports. The firm owned 615,850 shares of the specialty retailer’s stock after purchasing an additional 553,971 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in O’Reilly Automotive were worth $55,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of O’Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after purchasing an additional 3,272 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of O’Reilly Automotive by 1,063.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after buying an additional 98,616 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of O’Reilly Automotive by 33.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after buying an additional 147,904 shares during the last quarter. Finally, First Merchants Corp raised its position in shares of O’Reilly Automotive by 1,392.2% in the second quarter. First Merchants Corp now owns 102,875 shares of the specialty retailer’s stock valued at $9,272,000 after buying an additional 95,981 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ORLY shares. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Barclays reissued an “equal weight” rating and issued a $86.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 25th. TD Cowen boosted their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Guggenheim boosted their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, BMO Capital Markets boosted their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $107.17.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $103.05 on Wednesday. O’Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The company has a 50 day moving average price of $103.95 and a 200 day moving average price of $96.22. The firm has a market capitalization of $87.44 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP Mark Joseph Merz sold 29,505 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 over the last ninety days. 1.01% of the stock is owned by company insiders.

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.