Bank of Nova Scotia Has $40.99 Million Stock Position in O’Reilly Automotive, Inc. $ORLY

Bank of Nova Scotia increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7,192.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 454,781 shares of the specialty retailer’s stock after acquiring an additional 448,545 shares during the quarter. Bank of Nova Scotia owned about 0.05% of O’Reilly Automotive worth $40,989,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in shares of O’Reilly Automotive by 1.2% during the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 8 shares during the last quarter. Cadence Bank increased its stake in O’Reilly Automotive by 0.6% during the first quarter. Cadence Bank now owns 1,474 shares of the specialty retailer’s stock valued at $2,112,000 after acquiring an additional 9 shares during the period. SageView Advisory Group LLC raised its holdings in O’Reilly Automotive by 5.1% in the 1st quarter. SageView Advisory Group LLC now owns 185 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 9 shares in the last quarter. Klingman & Associates LLC raised its holdings in O’Reilly Automotive by 1.3% in the 1st quarter. Klingman & Associates LLC now owns 761 shares of the specialty retailer’s stock valued at $1,090,000 after acquiring an additional 10 shares in the last quarter. Finally, Greenline Partners LLC lifted its position in shares of O’Reilly Automotive by 18.2% in the 1st quarter. Greenline Partners LLC now owns 65 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 10 shares during the period. 85.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The stock was 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 approximately $752,375. This represents a 27.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research reports. Morgan Stanley boosted 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. Baird R W raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Wednesday, November 5th. Finally, Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.05.

O’Reilly Automotive Trading Down 0.8%

NASDAQ ORLY opened at $98.11 on Tuesday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The company has a 50 day moving average of $99.57 and a 200-day moving average of $98.12. The firm has a market cap of $82.81 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.33 and a beta of 0.61.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the business earned $11.41 EPS. O’Reilly Automotive’s revenue 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. On average, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O’Reilly Automotive 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.