Nicholas Company Inc. Sells 31,480 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Nicholas Company Inc. reduced its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,366 shares of the specialty retailer’s stock after selling 31,480 shares during the quarter. O’Reilly Automotive accounts for about 1.5% of Nicholas Company Inc.’s holdings, making the stock its 15th biggest position. Nicholas Company Inc. owned approximately 0.35% of O’Reilly Automotive worth $67,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORLY. BlackRock Inc. grew its holdings in shares of O’Reilly Automotive by 2,327.8% during 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. JPMorgan Chase & Co. boosted its holdings in O’Reilly Automotive by 66.8% during the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares during the last quarter. Waddell & Reed Financial Inc. boosted its holdings in O’Reilly Automotive by 188.5% during the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after purchasing an additional 917,800 shares during the last quarter. Polen Capital Management LLC boosted its holdings in O’Reilly Automotive by 35.7% during the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after purchasing an additional 543,664 shares during the last quarter. Finally, Vontobel Asset Management Inc. bought a new stake in O’Reilly Automotive in the second quarter worth about $119,025,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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Several analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $220.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Royal Bank Of Canada lowered their price target on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 6th. Finally, 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 report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive has an average rating of “Hold” and an average price target of $245.30.

In related news, SVP Randy Johnson sold 1,040 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 9,232 shares in the company, valued at $1,887,390.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 77,562 shares of the company’s stock, valued at $16,298,878.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,120 shares of company stock worth $3,687,235. Company insiders own 3.12% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 1.60% during midday trading on Friday, hitting $205.50. 372,916 shares of the stock traded hands. The company’s 50 day moving average price is $201.21 and its 200 day moving average price is $229.32. The firm has a market cap of $18.09 billion, a PE ratio of 18.00 and a beta of 0.76. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $2.65 EPS. Equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has approved a share repurchase 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 a sign that the company’s board believes its stock is undervalued.

O’Reilly Automotive 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.

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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