Alps Advisors Inc. grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 35.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,360 shares of the specialty retailer’s stock after buying an additional 622 shares during the period. Alps Advisors Inc.’s holdings in O’Reilly Automotive were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new position in O’Reilly Automotive during the second quarter worth about $3,667,000. Principal Financial Group Inc. boosted its holdings in O’Reilly Automotive by 14.6% during the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after buying an additional 226,450 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in O’Reilly Automotive by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock worth $57,255,000 after buying an additional 21,702 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after purchasing an additional 14,745 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its holdings in shares of O’Reilly Automotive by 1.3% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,603 shares of the specialty retailer’s stock valued at $2,101,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
In other O’Reilly Automotive news, CFO Thomas Mcfall sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Adam Fletcher sold 750 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $215.11, for a total value of $161,332.50. Following the transaction, the senior vice president now directly owns 1,640 shares in the company, valued at approximately $352,780.40. The disclosure for this sale can be found here. Insiders have sold a total of 33,345 shares of company stock worth $7,055,572 in the last ninety days. Insiders own 3.12% of the company’s stock.
ORLY has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. set a $220.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. UBS AG reiterated a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Bank of America Corporation reiterated a “buy” rating and set a $250.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Citigroup Inc. lifted their price objective on O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $220.00 price objective on shares of O’Reilly Automotive in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of “Hold” and an average price target of $243.48.
O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at $220.49 on Friday. The firm has a market capitalization of $18,820.00, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. O’Reilly Automotive, Inc. has a 1 year low of $169.43 and a 1 year high of $286.57. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.10 and a current ratio of 0.93.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 EPS. sell-side analysts forecast that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its Board of Directors has approved a stock buyback program on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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.
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