O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Lowered by Boston Advisors LLC

Boston Advisors LLC decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,767 shares of the specialty retailer’s stock after selling 328 shares during the period. Boston Advisors LLC’s holdings in O’Reilly Automotive were worth $1,918,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after buying an additional 21,454 shares during the period. BlackRock Inc. increased its position in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after buying an additional 5,458,171 shares during the period. JPMorgan Chase & Co. increased its position in shares of O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock worth $505,202,000 after buying an additional 26,678 shares during the last quarter. American Century Companies Inc. increased its position in shares of O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock worth $457,502,000 after buying an additional 8,988 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock worth $417,454,000 after buying an additional 9,846 shares during the last quarter. 95.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 0.86% during midday trading on Friday, reaching $198.91. 984,095 shares of the company were exchanged. The company has a market capitalization of $17.51 billion, a P/E ratio of 17.42 and a beta of 0.74. The stock has a 50-day moving average price of $197.02 and a 200 day moving average price of $242.17. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $288.67.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company earned $2.65 EPS. O’Reilly Automotive’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive, Inc. will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a stock buyback program on Wednesday, May 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of equities analysts have commented on ORLY shares. Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and cut their price target for the company from $262.00 to $210.00 in a report on Thursday, July 6th. Stephens set a $315.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Credit Suisse Group cut O’Reilly Automotive from an “outperform” rating to a “neutral” rating and cut their price target for the company from $262.00 to $195.00 in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has a consensus rating of “Hold” and a consensus price target of $242.80.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the transaction, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold a total of 32,080 shares of company stock worth $7,754,807 in the last quarter. 3.12% of the stock is owned by corporate insiders.

O’Reilly Automotive Company Profile

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.

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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