Nisa Investment Advisors LLC Cuts Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Nisa Investment Advisors LLC cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 33.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,972 shares of the specialty retailer’s stock after selling 17,235 shares during the period. Nisa Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $7,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $206,000. Tudor Investment Corp Et Al bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $279,000. Quadrature Capital Ltd bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $5,248,000. UBS Asset Management Americas Inc. boosted its position in shares of O’Reilly Automotive by 85.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 894,128 shares of the specialty retailer’s stock worth $248,933,000 after buying an additional 411,530 shares during the period. Finally, Whalerock Point Partners LLC boosted its position in shares of O’Reilly Automotive by 1.9% in the fourth quarter. Whalerock Point Partners LLC now owns 1,835 shares of the specialty retailer’s stock worth $511,000 after buying an additional 35 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (ORLY) traded up 0.340% during midday trading on Thursday, hitting $187.545. The company’s stock had a trading volume of 172,034 shares. The firm has a 50-day moving average of $214.04 and a 200 day moving average of $251.31. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 17.096 and a beta of 0.76. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $292.84.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the business earned $2.59 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.77 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has initiated a share buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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A number of equities analysts have recently commented on ORLY shares. Cleveland Research cut O’Reilly Automotive from a “buy” rating to a “neutral” rating in a report on Monday, April 3rd. Atlantic Securities upgraded O’Reilly Automotive to an “overweight” rating and set a $307.00 target price for the company in a report on Friday, April 7th. They noted that the move was a valuation call. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and dropped their target price for the stock from $315.00 to $273.00 in a report on Tuesday, April 25th. Royal Bank Of Canada dropped their target price on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a report on Tuesday, April 25th. Finally, Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of “Hold” and an average price target of $257.34.

In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at $2,017,657.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Raymond Murphy sold 600 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,640 shares of company stock valued at $6,639,552. Company insiders own 3.12% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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