O’Reilly Automotive, Inc. $ORLY Shares Purchased by National Bank of Canada FI

by · The Markets Daily

National Bank of Canada FI boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,469.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 839,456 shares of the specialty retailer’s stock after acquiring an additional 785,970 shares during the period. National Bank of Canada FI owned about 0.10% of O’Reilly Automotive worth $75,659,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Brant Point Investment Management LLC raised its holdings in O’Reilly Automotive by 1,244.7% during the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock worth $13,476,000 after buying an additional 138,401 shares during the period. Oxbow Advisors LLC increased its position in shares of O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after acquiring an additional 58,828 shares in the last quarter. Providence First Trust Co raised its holdings in shares of O’Reilly Automotive by 1,433.6% during the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after acquiring an additional 6,408 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of O’Reilly Automotive by 1,431.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after acquiring an additional 38,718 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in O’Reilly Automotive by 7,192.8% during the 2nd quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock worth $40,989,000 after purchasing an additional 448,545 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ORLY. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Wolfe Research initiated coverage on O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective for the company. Mizuho set a $112.00 target price on O’Reilly Automotive in a report on Monday, October 20th. 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 report on Wednesday, December 3rd. Finally, Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $112.05.

Read Our Latest Report on ORLY

Insider Activity

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,980 shares of company stock valued at $882,335. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Up 0.2%

Shares of O’Reilly Automotive stock opened at $94.11 on Monday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The firm has a fifty day simple moving average of $98.63 and a 200-day simple moving average of $98.20. The stock has a market capitalization of $79.44 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.22 and a beta of 0.61.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) 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 business had revenue of $4.71 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company 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 predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

About O’Reilly Automotive

(Free Report)

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.

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