Meiji Yasuda Asset Management Co Ltd. Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,675 shares of the specialty retailer’s stock after purchasing an additional 17 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in O’Reilly Automotive were worth $1,769,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of O’Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after purchasing an additional 2,214 shares during the last quarter. Bank Pictet & Cie Asia Ltd. purchased a new stake in O’Reilly Automotive during the second quarter worth about $800,000. O Shaughnessy Asset Management LLC raised its position in O’Reilly Automotive by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after acquiring an additional 701 shares during the period. Perpetual Ltd boosted its stake in O’Reilly Automotive by 322.6% in the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after acquiring an additional 871 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the period. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,115.65 on Friday. The company has a 50 day simple moving average of $1,109.88 and a two-hundred day simple moving average of $1,072.23. The firm has a market cap of $64.72 billion, a PE ratio of 28.32, a PEG ratio of 2.13 and a beta of 0.92. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the prior year, the company earned $10.22 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last quarter. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORLY. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. DA Davidson increased 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. Royal Bank of Canada lowered their price objective 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 increased their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

About O’Reilly Automotive

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.