Massachusetts Financial Services Co. MA Trims Stock Position in O’Reilly Automotive, Inc. $ORLY

Massachusetts Financial Services Co. MA lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,914,525 shares of the specialty retailer’s stock after selling 1,238,191 shares during the period. Massachusetts Financial Services Co. MA owned 0.93% of O’Reilly Automotive worth $853,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Vanguard Group Inc. increased its position in O’Reilly Automotive by 1,404.9% during the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after buying an additional 73,596,571 shares during the period. State Street Corp increased its holdings in shares of O’Reilly Automotive by 1,424.2% in the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after acquiring an additional 34,740,553 shares during the period. Geode Capital Management LLC boosted its stake in O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after purchasing an additional 22,144,563 shares during the period. Bank of New York Mellon Corp grew its position in O’Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after purchasing an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of O’Reilly Automotive by 1,820.9% in the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after buying an additional 13,382,074 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. Robert W. Baird set a $115.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $110.00 price objective on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Thursday. Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $111.80.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $94.70 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $80.73 and a fifty-two week high of $108.71. The company has a market capitalization of $79.94 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.01 and a beta of 0.63. The stock has a fifty day moving average of $95.53 and a two-hundred day moving average of $98.57.

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

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at approximately $752,375. The trade was a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the transaction, the senior vice president owned 28 shares in the company, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,980 shares of company stock worth $882,335 in the last 90 days. 1.01% of the stock is owned by company insiders.

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.