O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,035.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,522 shares of the specialty retailer’s stock after purchasing an additional 305,067 shares during the quarter. abrdn plc owned approximately 0.48% of O’Reilly Automotive worth $189,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in O’Reilly Automotive by 335.5% in the first quarter. Teacher Retirement System of Texas now owns 85,191 shares of the specialty retailer’s stock valued at $43,213,000 after purchasing an additional 65,631 shares during the last quarter. Raymond James Trust N.A. increased its stake in O’Reilly Automotive by 26.7% in the second quarter. Raymond James Trust N.A. now owns 3,289 shares of the specialty retailer’s stock valued at $1,862,000 after purchasing an additional 694 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in O’Reilly Automotive by 17.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,634 shares of the specialty retailer’s stock valued at $12,159,000 after purchasing an additional 3,205 shares during the last quarter. Trexquant Investment LP increased its stake in O’Reilly Automotive by 52.8% in the first quarter. Trexquant Investment LP now owns 4,697 shares of the specialty retailer’s stock valued at $2,383,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Fiduciary Trust Co. increased its stake in O’Reilly Automotive by 8.6% in the first quarter. Fiduciary Trust Co. now owns 5,390 shares of the specialty retailer’s stock valued at $2,734,000 after purchasing an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

ORLY traded up $8.88 on Wednesday, reaching $599.73. The company’s stock had a trading volume of 4,263 shares, compared to its average volume of 511,928. The stock has a market cap of $41.35 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. O’Reilly Automotive, Inc. has a 1 year low of $424.03 and a 1 year high of $621.73. The company has a debt-to-equity ratio of 17.57, a current ratio of 0.82 and a quick ratio of 0.19. The business’s 50 day moving average is $598.27 and its 200 day moving average is $550.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Tuesday, July 27th. The specialty retailer reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $7.28 by $1.05. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.16 billion. O’Reilly Automotive had a return on equity of 757.31% and a net margin of 15.94%. During the same quarter in the prior year, the business posted $7.10 earnings per share. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 27.65 earnings per share for the current fiscal year.

Several brokerages have commented on ORLY. Oppenheimer upped their price target on O’Reilly Automotive from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Raymond James lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating and set a $619.56 price target for the company. in a research note on Tuesday, July 27th. Wedbush upped their price target on O’Reilly Automotive from $540.00 to $590.00 and gave the stock a “neutral” rating in a research note on Thursday, July 29th. Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 price target for the company. in a research note on Friday, August 27th. Finally, Wells Fargo & Company upped their price target on O’Reilly Automotive from $660.00 to $670.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $580.18.

In other O’Reilly Automotive news, SVP Richard Darin Venosdel sold 2,500 shares of the stock in a transaction that occurred on Friday, July 2nd. The stock was sold at an average price of $580.21, for a total transaction of $1,450,525.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jonathan Wyatt Andrews sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $616.05, for a total value of $3,080,250.00. The disclosure for this sale can be found here. Insiders sold 95,628 shares of company stock valued at $58,150,270 in the last three months. 2.11% of the stock is currently owned by company insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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