UMB Bank N A MO boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 21.5% during the second quarter, Holdings Channel reports. The institutional investor owned 34,437 shares of the specialty retailer’s stock after buying an additional 6,093 shares during the period. UMB Bank N A MO’s holdings in O’Reilly Automotive were worth $7,533,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in ORLY. Nikko Asset Management Americas Inc. purchased a new stake in O’Reilly Automotive during the first quarter worth $108,000. Parkside Financial Bank & Trust boosted its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares in the last quarter. Barrett Asset Management LLC boosted its stake in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after buying an additional 93 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock worth $124,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.
Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 198.91 on Friday. The firm has a market capitalization of $17.51 billion, a P/E ratio of 17.42 and a beta of 0.74. The stock’s 50 day moving average price is $197.02 and its 200 day moving average price is $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 issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 earnings per share. On average, analysts predict 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 share repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of brokerages have commented on ORLY. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. Royal Bank Of Canada lowered their target price on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 25th. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their target price for the company from $315.00 to $273.00 in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Stephens set a $315.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $242.80.
In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now directly owns 77,562 shares in the company, valued at $16,298,878.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the completion of the transaction, the senior vice president now owns 9,232 shares in the company, valued at $1,887,390.08. The disclosure for this sale can be found here. Insiders have sold 32,080 shares of company stock worth $7,754,807 over the last quarter. 3.12% of the stock is owned by company insiders.
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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