WASHINGTON TRUST Co held its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, Holdings Channel reports. The firm owned 2,155 shares of the specialty retailer’s stock at the end of the second quarter. WASHINGTON TRUST Co’s holdings in O’Reilly Automotive were worth $471,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Barrett Asset Management LLC increased 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 during the period. Nikko Asset Management Americas Inc. purchased a new stake in O’Reilly Automotive during the first quarter worth $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. Finally, 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. 94.39% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 198.44 on Tuesday. The stock has a 50 day moving average of $196.40 and a 200-day moving average of $241.34. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $288.67. The company has a market cap of $17.47 billion, a PE ratio of 17.38 and a beta of 0.74.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The business 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 for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.
O’Reilly Automotive announced that its Board of Directors has authorized a share repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
ORLY has been the topic of a number of recent research reports. Stephens set a $315.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, April 27th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $302.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, UBS AG reaffirmed a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently 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 transaction of $1,050,700.00. Following the sale, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred 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 sale, 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 currently owned by company 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.
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