Wetherby Asset Management Inc. cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.9% during the second quarter, Holdings Channel reports. The firm owned 1,107 shares of the specialty retailer’s stock after selling 164 shares during the period. Wetherby Asset Management Inc.’s holdings in O’Reilly Automotive were worth $242,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the period. Cypress Wealth Advisors LLC increased its stake in shares of O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 11 shares during the period. Genesee Valley Trust Co. increased its stake in shares of O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares during the period. Intellectus Partners LLC increased its stake in shares of O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares during the period. Finally, BTIM Corp. increased its stake in shares of O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares during the period. Institutional investors own 94.39% of the company’s stock.
Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 200.63 on Friday. The firm has a market capitalization of $17.66 billion, a PE ratio of 17.57 and a beta of 0.74. The stock has a 50 day moving average price of $194.58 and a 200-day moving average price of $240.28. 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 posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts forecast that O’Reilly Automotive, Inc. will post $11.88 EPS for the current year.
O’Reilly Automotive announced that its board has initiated a stock repurchase program on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have issued reports on the company. UBS AG downgraded O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a report on Tuesday, June 20th. Jefferies Group LLC restated a “buy” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. O’Reilly Automotive has an average rating of “Hold” and a consensus price target of $242.80.
In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value 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 document filed with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following 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 quarter, insiders sold 7,080 shares of company stock worth $1,490,807. 3.12% of the stock is 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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