Arrowstreet Capital Limited Partnership Sells 293,501 Shares of O’Reilly Automotive, Inc. $ORLY

Arrowstreet Capital Limited Partnership lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,721,557 shares of the specialty retailer’s stock after selling 293,501 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in O’Reilly Automotive were worth $712,777,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Bank of Nova Scotia boosted its holdings in shares of O’Reilly Automotive by 13.5% in the 1st quarter. Bank of Nova Scotia now owns 208,822 shares of the specialty retailer’s stock worth $19,276,000 after purchasing an additional 24,850 shares in the last quarter. Gibbs Wealth Management purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $511,000. Sei Investments Co. lifted its position in O’Reilly Automotive by 163.3% in the 1st quarter. Sei Investments Co. now owns 1,253,806 shares of the specialty retailer’s stock worth $115,738,000 after buying an additional 777,612 shares during the last quarter. Signature Equity Partners LLC lifted its position in O’Reilly Automotive by 215.8% in the 1st quarter. Signature Equity Partners LLC now owns 878 shares of the specialty retailer’s stock worth $81,000 after buying an additional 600 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of O’Reilly Automotive by 19.3% in the 1st quarter. First Citizens Bank & Trust Co. now owns 4,229 shares of the specialty retailer’s stock valued at $390,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Monday, April 27th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $110.00 price objective (up from $105.00) on shares of O’Reilly Automotive in a research note on Thursday, April 30th. Roth Capital reiterated a “buy” rating and issued a $109.00 price objective on shares of O’Reilly Automotive in a report on Monday, May 4th. Mizuho lifted their price target on O’Reilly Automotive from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Wolfe Research set a $98.00 price objective on O’Reilly Automotive in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.70.

Insider Activity at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 2,595 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $88.67, for a total value of $230,098.65. Following the transaction, the director owned 4,000 shares in the company, valued at $354,680. This represents a 39.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Hendrickson sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the transaction, the director owned 19,675 shares of the company’s stock, valued at approximately $1,737,696. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 105,730 shares of company stock valued at $9,815,388 over the last quarter. 0.77% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $86.11 on Friday. The firm’s 50-day moving average price is $88.41 and its 200-day moving average price is $91.76. The company has a market capitalization of $71.36 billion, a PE ratio of 28.14, a P/E/G ratio of 1.91 and a beta of 0.51. O’Reilly Automotive, Inc. has a 1-year low of $82.59 and a 1-year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. O’Reilly Automotive had a net margin of 14.30% and a negative return on equity of 263.22%. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the company posted $9.35 EPS. O’Reilly Automotive’s revenue was up 10.2% on a year-over-year basis. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 3.24 EPS for the current fiscal year.

About O’Reilly Automotive

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.