Principal Global Investors LLC recently announced the acquisition of new stake in O’Reilly Automotive Inc. (NASDAQ:ORLY). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.02% to 1.9 million shares with purchase of 73595.0 shares. This fresh investment now brings its stake to 3.04% valued currently at $1.65 billion. In addition, Fidelity Management & Research Co raised its holdings by 99725.0 to 1.3 million shares. And Massachusetts Financial Services has lifted its position by 88.82% or 0.37 million shares – to 0.79 million shares.
With over 0.35 million O’Reilly Automotive Inc. (ORLY) shares trading Tuesday and a closing price of $826.88 on the day, the dollar volume was approximately $290.09 million. The shares have shown a positive half year performance of 26.57% and its price on 01/10/23 lost nearly -0.22%. Currently, there are 63.29M common shares owned by the public and among those 61.84M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for ORLY have a consensus price objective of $894.84. The analysts have set the share’s price value over the next 12 months at a high of $975.00 and a low of $780.00. The average price target is 7.45% above its recent price level and a downside to the estimated low will see the stock lose -6.01% over that period. But an upside of 15.19% will see the stock hit the forecast high price target while median target price for the stock is $900.00.
Insiders at the company have transacted a total of 102 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 85,678 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 184,632 shares.
The top 3 mutual fund holders in O’Reilly Automotive Inc. are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Akre Focus Fund. Vanguard Total Stock Market Index owns 1.91 million shares of the company’s stock, all valued at over $1.65 billion. The company bought an additional 8563.0 shares recently to bring their total holdings to about 3.05% of the shares outstanding. Vanguard 500 Index Fund bought 2084.0 shares to see its total holdings expand to 1.46 million shares valued at over $1.26 billion and representing 2.34% of the shares outstanding. Akre Focus Fund sold 100000.0 shares to bring its total holdings to over 1.19 million shares at a value of $1.03 billion. Akre Focus Fund now owns shares totaling to 1.90% of the shares outstanding.
However, the script later moved the day high at 832.52, down -0.22%. The company’s stock has a 5-day price change of -1.65% and 14.12% over the past three months. ORLY shares are trading -2.03% year to date (YTD), with the 12-month market performance up to 21.20% higher. It has a 12-month low price of $562.90 and touched a high of $870.92 over the same period. ORLY has an average intraday trading volume of 465.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.34%, -0.84%, and 14.90% respectively.
Institutional ownership of O’Reilly Automotive Inc. (NASDAQ: ORLY) shares accounts for 85.60% of the company’s 63.29M shares outstanding. Mutual fund holders own 37.90%, while other institutional holders and individual stakeholders account for 48.47% and 2.11% respectively.
It has a market capitalization of $51.23B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 25.24, while the earnings-per-share (ttm) stands at $32.76. The company has a PEG of 2.32 and a Quick Ratio of 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 1.76% over the month.
Analysts forecast that O’Reilly Automotive Inc. (ORLY) will achieve an EPS of $7.56 for the current quarter, $8.16 for the next quarter and $36.12 for 2023. The lowest estimate earnings-per-share for the quarter is $7.11 while analysts give the company a high EPS estimate of $8.1. Comparatively, EPS for the current quarter was $7.64 a year ago. Earnings per share for the fiscal year are expected to increase by 32.10%, and 13.09% over the next financial year. EPS should shrink at an annualized rate of 10.90% over the next five years, compared to 23.70% over the past 5-year period.
Looking at the support for the ORLY, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on January 09, 2023, with the firm’s price target at $925893. DA Davidson coverage for the O’Reilly Automotive Inc. (ORLY) stock in a research note released on June 29, 2022 offered a Buy rating with a price target of $740. MKM Partners was of a view on June 23, 2022 that the stock is Buy, while BofA Securities gave the stock Buy rating on May 10, 2022, issuing a price target of $730. Truist on their part issued Buy rating on February 11, 2022.