Associated Banc Corp Invests $205,000 in O’Reilly Automotive, Inc. $ORLY

Associated Banc Corp bought a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,280 shares of the specialty retailer’s stock, valued at approximately $205,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after buying an additional 73,596,571 shares in the last quarter. Geode Capital Management LLC raised its holdings in O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after acquiring an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 in the last quarter. Jennison Associates LLC lifted its position in O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after acquiring an additional 13,382,074 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in O’Reilly Automotive by 1,467.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock valued at $824,934,000 after purchasing an additional 8,568,904 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction 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 owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Up 0.1%

NASDAQ ORLY opened at $101.51 on Thursday. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The stock has a market cap of $85.68 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 2.48 and a beta of 0.57. The company’s 50 day moving average is $100.33 and its two-hundred day moving average is $97.56.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the prior year, the business posted $11.41 EPS. O’Reilly Automotive’s revenue for the quarter 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. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ORLY shares. Morgan Stanley increased their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, UBS Group restated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.89.

O’Reilly Automotive Company 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.