Cidel Asset Management Inc. Has $261,000 Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Cidel Asset Management Inc. increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,325.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,894 shares of the specialty retailer’s stock after acquiring an additional 2,691 shares during the quarter. Cidel Asset Management Inc.’s holdings in O’Reilly Automotive were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORLY. William Blair Investment Management LLC boosted its position in O’Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after buying an additional 3,285,249 shares during the period. TD Asset Management Inc raised its holdings in O’Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock worth $194,567,000 after purchasing an additional 1,994,449 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in O’Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after purchasing an additional 1,573,010 shares during the last quarter. Congress Asset Management Co. raised its holdings in O’Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in O’Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after purchasing an additional 1,298,307 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 0.6%

NASDAQ ORLY opened at $100.97 on Tuesday. The company has a fifty day simple moving average of $103.77 and a 200 day simple moving average of $96.41. O’Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The company has a market cap of $85.67 billion, a P/E ratio of 36.10, a PEG ratio of 2.68 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm posted $10.55 EPS. O’Reilly Automotive’s revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

ORLY has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Guggenheim lifted their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. TD Cowen lifted their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Evercore ISI lifted their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.04.

Insider Activity

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company’s stock, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 over the last quarter. 1.01% of the stock is owned by insiders.

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.