Meiji Yasuda Asset Management Co Ltd. Has $966,000 Position in O’Reilly Automotive, Inc. (ORLY)

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,484 shares of the specialty retailer’s stock after buying an additional 570 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in O’Reilly Automotive were worth $966,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in O’Reilly Automotive by 9.1% during the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after purchasing an additional 520,626 shares in the last quarter. Vanguard Group Inc. boosted its position in O’Reilly Automotive by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock worth $1,334,868,000 after purchasing an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Principal Financial Group Inc. boosted its position in O’Reilly Automotive by 45.7% during the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock worth $556,331,000 after purchasing an additional 809,647 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

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In related news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the transaction, the senior vice president now directly owns 9,238 shares in the company, valued at $1,821,641.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Mcfall sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. The disclosure for this sale can be found here. Insiders sold 33,345 shares of company stock valued at $7,055,572 over the last quarter. Insiders own 3.12% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down $4.69 during trading on Wednesday, reaching $215.69. The company had a trading volume of 822,000 shares, compared to its average volume of 1,315,452. The firm has a market capitalization of $18,738.40, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.30 and a beta of 0.80. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 earnings per share. equities research analysts forecast that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has approved a stock buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts have commented on the company. UBS AG reiterated a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. Robert W. Baird reiterated a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Credit Suisse Group set a $193.00 target price on O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. set a $220.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $243.48.

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.

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

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