First Citizens Bank & Trust Co. Grows Stake in O’Reilly Automotive, Inc. $ORLY

First Citizens Bank & Trust Co. grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,415.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530 shares of the specialty retailer’s stock after purchasing an additional 2,363 shares during the period. First Citizens Bank & Trust Co.’s holdings in O’Reilly Automotive were worth $228,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in 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 worth $7,504,421,000 after acquiring an additional 75,125 shares in the last quarter. William Blair Investment Management LLC grew its position in O’Reilly Automotive by 1,269.2% in the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. TD Asset Management Inc grew its position in 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 worth $194,567,000 after acquiring an additional 1,994,449 shares in the last quarter. Wellington Management Group LLP grew its position in O’Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer’s stock worth $2,757,148,000 after acquiring an additional 330,964 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in 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 worth $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company’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 completion of the transaction, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Trading Down 1.0%

Shares of NASDAQ:ORLY opened at $97.27 on Monday. The company has a market cap of $82.53 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The company has a 50-day moving average price of $103.58 and a 200-day moving average price of $96.72. O’Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ORLY. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Evercore ISI upped their target price on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research note on Monday, October 20th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $112.00.

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.