Norges Bank Makes New Investment in O’Reilly Automotive, Inc. $ORLY

Norges Bank purchased a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 12,436,262 shares of the specialty retailer’s stock, valued at approximately $1,134,311,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock worth $7,272,186,000 after purchasing an additional 458,613 shares during the period. Geode Capital Management LLC grew its holdings in O’Reilly Automotive by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock worth $2,201,555,000 after purchasing an additional 372,896 shares during the period. Akre Capital Management LLC grew its holdings in O’Reilly Automotive by 989.3% in the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after purchasing an additional 8,546,804 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in O’Reilly Automotive by 1.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,003,704 shares of the specialty retailer’s stock worth $730,018,000 after purchasing an additional 89,179 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of O’Reilly Automotive by 21.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,241,385 shares of the specialty retailer’s stock valued at $780,694,000 after buying an additional 1,290,579 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Raymond Murphy sold 2,595 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $88.67, for a total transaction of $230,098.65. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $354,680. This trade represents a 39.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad W. Beckham sold 13,635 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $95.00, for a total transaction of $1,295,325.00. Following the transaction, the chief executive officer directly owned 12,250 shares in the company, valued at $1,163,750. The trade was a 52.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,530 shares of company stock valued at $9,709,404 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ORLY. Truist Financial set a $108.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Monday, April 27th. UBS Group raised their price objective on shares of O’Reilly Automotive from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of O’Reilly Automotive in a research note on Friday, May 1st. Finally, DA Davidson raised their price objective on shares of O’Reilly Automotive from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One analyst has 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.25.

O’Reilly Automotive Trading Down 2.6%

O’Reilly Automotive stock opened at $86.88 on Friday. The firm’s fifty day moving average price is $91.86 and its two-hundred day moving average price is $94.06. O’Reilly Automotive, Inc. has a 1-year low of $86.42 and a 1-year high of $108.71. The firm has a market capitalization of $72.00 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.58.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. O’Reilly Automotive had a net margin of 14.30% and a negative return on equity of 263.22%. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the firm earned $9.35 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. On average, research analysts forecast that O’Reilly Automotive, Inc. will post 3.24 EPS for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.