Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in O’Reilly Automotive, Inc. $ORLY

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,474.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,685,296 shares of the specialty retailer’s stock after purchasing an additional 1,578,254 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in O’Reilly Automotive were worth $151,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ORLY. Bank of New York Mellon Corp grew its stake in O’Reilly Automotive by 1,317.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares during the last quarter. Jennison Associates LLC raised its position in O’Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after acquiring an additional 13,382,074 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1,558.2% in the second quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock valued at $392,630,000 after purchasing an additional 4,093,545 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of O’Reilly Automotive by 1,388.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after purchasing an additional 3,594,612 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of 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 valued at $319,428,000 after purchasing an additional 3,285,249 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. The Goldman Sachs Group set a $121.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 24th. Wolfe Research initiated coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Nineteen 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.89.

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,205 shares of company stock valued at $9,423,501 in the last 90 days. 1.01% of the stock is currently owned by insiders.

O’Reilly Automotive Stock Up 2.2%

Shares of O’Reilly Automotive stock opened at $97.09 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71. The business’s fifty day moving average is $101.93 and its two-hundred day moving average is $96.91. The firm has a market cap of $82.38 billion, a PE ratio of 33.63, a P/E/G ratio of 2.48 and a beta of 0.57.

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

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.