Alliancebernstein L.P. Reduces Holdings in O’Reilly Automotive, Inc. (ORLY)

Alliancebernstein L.P. lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 51.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 385,441 shares of the specialty retailer’s stock after selling 406,697 shares during the quarter. Alliancebernstein L.P. owned 0.44% of O’Reilly Automotive worth $84,311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ORLY. BlackRock Inc. grew 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 worth $1,536,105,000 after acquiring an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. grew its position in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after acquiring an additional 1,251,237 shares in the last quarter. Waddell & Reed Financial Inc. grew its position 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 worth $379,021,000 after acquiring an additional 917,800 shares in the last quarter. Vontobel Asset Management Inc. bought a new stake in O’Reilly Automotive in the second quarter worth approximately $119,025,000. Finally, TIAA CREF Investment Management LLC grew its position 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 worth $222,811,000 after acquiring an additional 445,609 shares in the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 199.27 on Wednesday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The stock has a 50 day moving average of $199.13 and a 200-day moving average of $232.12. The firm has a market cap of $17.54 billion, a PE ratio of 17.46 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion during 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%. O’Reilly Automotive’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 earnings per share. Analysts expect 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 initiated a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Several analysts have commented on ORLY shares. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $262.00 to $210.00 in a research report on Thursday, July 6th. Credit Suisse Group downgraded shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $262.00 to $195.00 in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and issued a $302.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Finally, Royal Bank Of Canada decreased 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $245.30.

In other news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the sale, the senior vice president now owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now directly owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. In the last three months, insiders sold 18,120 shares of company stock valued at $3,687,235. 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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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