Nisa Investment Advisors LLC Has $7.56 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Nisa Investment Advisors LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 33.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Nikko Asset Management Americas Inc. bought a new stake in O’Reilly Automotive during the first quarter worth approximately $108,000. Parkside Financial Bank & Trust increased 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 during the period. Proficio Capital Partners LLC increased 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 during the period. FTB Advisors Inc. increased 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 during the period. Finally, State of Alaska Department of Revenue bought a new stake in O’Reilly Automotive during the first quarter worth approximately $177,000. 94.39% of the stock is owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 0.24% on Monday, reaching $198.44. 897,764 shares of the company traded hands. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 17.38 and a beta of 0.74. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $288.67. The company has a 50-day moving average of $196.40 and a 200-day moving average of $241.34.

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

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

A number of equities research analysts have commented on the stock. Barclays PLC set a $234.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, April 27th. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada cut their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research report on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. O’Reilly Automotive currently has an average rating of “Hold” and a consensus target price of $242.80.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,080 shares of company stock worth $7,754,807. 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.