Nordea Investment Management AB Acquires 71,830 Shares of O’Reilly Automotive, Inc. $ORLY

Nordea Investment Management AB grew its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,486.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,663 shares of the specialty retailer’s stock after acquiring an additional 71,830 shares during the quarter. Nordea Investment Management AB’s holdings in O’Reilly Automotive were worth $6,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORLY. TD Asset Management Inc boosted its position in shares of O’Reilly Automotive by 1,214.0% in the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock valued at $194,567,000 after acquiring an additional 1,994,449 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock valued at $155,240,000 after acquiring an additional 1,573,010 shares during the period. Congress Asset Management Co. boosted its position in shares of O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after acquiring an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of 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 acquiring an additional 1,298,307 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of 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 acquiring an additional 1,050,901 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares of the company’s stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents 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 in the last ninety days. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Down 0.6%

Shares of NASDAQ ORLY opened at $100.97 on Tuesday. The company has a market cap of $85.67 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.68 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The stock has a 50-day moving average price of $103.77 and a two-hundred day moving average price of $96.41.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ORLY has been the subject of several recent analyst reports. Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial upped their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. DA Davidson upped their price objective on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Guggenheim upped their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. 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 research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.04.

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.