Thrivent Financial for Lutherans Purchases 409,123 Shares of O’Reilly Automotive, Inc. $ORLY

by · The Cerbat Gem

Thrivent Financial for Lutherans lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,525.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,936 shares of the specialty retailer’s stock after purchasing an additional 409,123 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of O’Reilly Automotive worth $39,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of O’Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after buying an additional 73,596,571 shares in the last quarter. State Street Corp boosted its position in shares of O’Reilly Automotive by 1,424.2% during 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 in the last quarter. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 1,443.1% in the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after acquiring an additional 22,144,563 shares during the period. Bank of New York Mellon Corp raised its position in O’Reilly Automotive by 1,317.8% in the second 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 in the last quarter. Finally, Jennison Associates LLC lifted its stake 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 purchasing an additional 13,382,074 shares during the period. 85.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group set a $121.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 24th. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a research note on Wednesday, October 15th. UBS Group reiterated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the company an “outperform” rating in a report on Friday, October 24th. One research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.05.

Read Our Latest Analysis on ORLY

Insiders Place Their Bets

In other news, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares in the company, valued at approximately $485,190. This represents a 42.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,980 shares of company stock valued at $882,335. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $95.14 on Tuesday. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The stock has a market capitalization of $80.31 billion, a PE ratio of 32.96, a PEG ratio of 2.22 and a beta of 0.61. The stock’s fifty day moving average is $98.46 and its 200-day moving average is $98.24.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business 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 revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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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