O'Reilly Automotive Inc (ORLY) Holdings Lowered by Comerica Bank

Comerica Bank trimmed its stake in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,906 shares of the specialty retailer’s stock after selling 6,925 shares during the quarter. Comerica Bank’s holdings in O'Reilly Automotive were worth $6,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of O'Reilly Automotive by 8.5% during the 4th quarter. Victory Capital Management Inc. now owns 7,189 shares of the specialty retailer’s stock worth $1,729,000 after buying an additional 566 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of O'Reilly Automotive in the 4th quarter worth approximately $868,000. Kornitzer Capital Management Inc. KS raised its holdings in shares of O'Reilly Automotive by 25.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 8,400 shares of the specialty retailer’s stock worth $2,021,000 after purchasing an additional 1,700 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of O'Reilly Automotive in the 4th quarter worth approximately $1,028,000. Finally, Beese Fulmer Investment Management Inc. raised its holdings in shares of O'Reilly Automotive by 2.9% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 20,839 shares of the specialty retailer’s stock worth $5,012,000 after purchasing an additional 584 shares in the last quarter. Institutional investors own 88.21% of the company’s stock.

In related news, SVP Jeremy Adam Fletcher sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the transaction, the senior vice president now directly owns 10,900 shares of the company’s stock, valued at $2,997,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Lee Ellis sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $215.27, for a total transaction of $193,743.00. Following the transaction, the senior vice president now directly owns 1,256 shares in the company, valued at $270,379.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,580 shares of company stock worth $39,241,985. 3.12% of the stock is currently owned by insiders.

A number of research firms recently commented on ORLY. Robert W. Baird boosted their target price on shares of O'Reilly Automotive from $230.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Group reiterated a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a report on Friday. Citigroup boosted their target price on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group boosted their target price on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a report on Thursday. They noted that the move was a valuation call. Finally, Stephens set a $300.00 target price on shares of O'Reilly Automotive and gave the stock a “buy” rating in a report on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. O'Reilly Automotive has a consensus rating of “Buy” and an average price target of $251.05.

O'Reilly Automotive Inc (NASDAQ:ORLY) opened at $249.83 on Friday. The firm has a market cap of $21,120.00, a P/E ratio of 19.70, a PEG ratio of 1.09 and a beta of 0.90. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.56. O'Reilly Automotive Inc has a 1 year low of $169.43 and a 1 year high of $279.23.

O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.12. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. research analysts predict that O'Reilly Automotive Inc will post 15.53 EPS for the current year.

O'Reilly Automotive declared that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board 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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Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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