Swedbank AB Makes New $73.66 Million Investment in O'Reilly Automotive, Inc. (NASDAQ:ORLY) (2024)

Swedbank AB acquired a new position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 65,251 shares of the specialty retailer's stock, valued at approximately $73,661,000. Swedbank AB owned 0.11% of O'Reilly Automotive at the end of the most recent reporting period.

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Other hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in O'Reilly Automotive in the fourth quarter valued at $292,000. Drive Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 4.9% during the fourth quarter. Drive Wealth Management LLC now owns 367 shares of the specialty retailer's stock valued at $349,000 after purchasing an additional 17 shares in the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of O'Reilly Automotive by 1.3% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 4,878 shares of the specialty retailer's stock valued at $4,634,000 after purchasing an additional 63 shares in the last quarter. Carderock Capital Management Inc. raised its stake in shares of O'Reilly Automotive by 1.0% during the fourth quarter. Carderock Capital Management Inc. now owns 8,471 shares of the specialty retailer's stock valued at $8,048,000 after purchasing an additional 80 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of O'Reilly Automotive by 81.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 67 shares of the specialty retailer's stock valued at $63,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating on the stock in a report on Thursday, July 18th. Wells Fargo & Company dropped their price target on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada dropped their price target on O'Reilly Automotive from $1,124.00 to $1,115.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. Truist Financial lifted their price target on O'Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, DA Davidson lifted their price target on O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,130.67.

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Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Mark Joseph Merz sold 413 shares of the firm's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the firm's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the transaction, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. Insiders have sold 35,541 shares of company stock worth $39,936,345 over the last three months. Company insiders own 1.55% of the company's stock.

O'Reilly Automotive Stock Up 0.3 %

AutoNation stock attracted some sneaky bidders

Shares of ORLY stock traded up $3.62 during trading hours on Friday, reaching $1,137.02. 452,119 shares of the company's stock were exchanged, compared to its average volume of 399,028. The stock has a market capitalization of $66.96 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.14 and a beta of 0.92. O'Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The business has a fifty day moving average price of $1,035.57 and a 200-day moving average price of $1,052.67.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O'Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.22 earnings per share. As a group, research analysts expect that O'Reilly Automotive, Inc. will post 41.14 EPS for the current fiscal year.

O'Reilly Automotive Company Profile

(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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