Mar Vista Investment Partners LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 105,688 shares of the specialty retailer’s stock after purchasing an additional 13,472 shares during the quarter. Mar Vista Investment Partners LLC owned about 0.12% of O’Reilly Automotive worth $23,118,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in O’Reilly Automotive by 2,327.8% in the 1st 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 during the period. JPMorgan Chase & Co. boosted its holdings in O’Reilly Automotive by 66.8% in the 2nd 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 during the period. Waddell & Reed Financial Inc. boosted its holdings in O’Reilly Automotive by 188.5% in the 1st 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 during the period. Polen Capital Management LLC boosted its holdings in O’Reilly Automotive by 35.7% in the 2nd quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after acquiring an additional 543,664 shares during the period. Finally, Vontobel Asset Management Inc. purchased a new position in O’Reilly Automotive in the 2nd quarter worth approximately $119,025,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
A number of equities analysts have weighed in on the company. Barclays PLC set a $234.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Thursday, July 6th. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Robert W. Baird restated a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Finally, Royal Bank Of Canada decreased their price target on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of “Hold” and an average price target of $245.30.
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O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 3.62% during midday trading on Friday, hitting $209.59. The company had a trading volume of 1,027,152 shares. The company’s 50 day moving average is $201.21 and its 200-day moving average is $229.32. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $286.57. The company has a market cap of $18.45 billion, a P/E ratio of 18.36 and a beta of 0.76.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $2.65 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.
O’Reilly Automotive announced that its Board of Directors has authorized a stock buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
In other news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the sale, the director now directly owns 72,562 shares in the company, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock worth $3,687,235 in the last three months. 3.12% of the stock is owned by 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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