Barrett Asset Management LLC boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 261.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 470 shares of the specialty retailer’s stock after buying an additional 340 shares during the period. Barrett Asset Management LLC’s holdings in O’Reilly Automotive were worth $103,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted 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 valued at $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares during the period. Vontobel Asset Management Inc. bought a new stake in O’Reilly Automotive during the second quarter valued at about $119,025,000. TIAA CREF Investment Management LLC raised its stake in O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock valued at $222,811,000 after buying an additional 445,609 shares during the period. Finally, Alliancebernstein L.P. raised its stake in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock valued at $213,751,000 after buying an additional 413,385 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.
O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 1.35% during mid-day trading on Friday, hitting $197.92. The company had a trading volume of 1,366,523 shares. The firm’s 50 day moving average is $194.06 and its 200 day moving average is $239.83. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $288.67. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 17.34 and a beta of 0.74.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $2.65 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.88 EPS for the current year.
O’Reilly Automotive declared that its board has authorized a share buyback program on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
ORLY has been the topic of several research analyst reports. Stephens set a $315.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, April 27th. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Finally, UBS AG restated a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $242.80.
In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the 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 completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the 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 of the company’s stock, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,080 shares of company stock valued at $1,490,807. Insiders own 3.12% of the company’s stock.
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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