O’Reilly Automotive, Inc. $ORLY Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,399.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,793 shares of the specialty retailer’s stock after purchasing an additional 344,200 shares during the period. Cullen Frost Bankers Inc.’s holdings in O’Reilly Automotive were worth $33,239,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORLY. William Blair Investment Management LLC increased its position in shares of O’Reilly Automotive by 1,269.2% during the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after purchasing an additional 3,285,249 shares in the last quarter. TD Asset Management Inc increased its position in shares of O’Reilly Automotive by 1,214.0% during the second 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of O’Reilly Automotive by 1,052.9% during the second 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 in the last quarter. Congress Asset Management Co. increased its position in shares of O’Reilly Automotive by 1,385.2% during the second 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of O’Reilly Automotive by 1,438.7% during the second 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 in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the sale, the senior vice president directly owned 2,876 shares of the company’s stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 in the last three months. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $101.31 on Wednesday. O’Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The firm has a market cap of $85.96 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.67 and a beta of 0.60. The firm’s fifty day moving average is $103.76 and its two-hundred day moving average is $96.45.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the company earned $10.55 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Truist Financial upped their price target on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Wolfe Research started coverage on O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target on the stock. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a report on Monday. Finally, TD Cowen boosted their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.04.

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.