National Pension Service increased its position in O'Reilly Automotive Inc (NASDAQ:ORLY) by 8.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,615 shares of the specialty retailer’s stock after acquiring an additional 7,839 shares during the quarter. National Pension Service owned about 0.12% of O'Reilly Automotive worth $24,442,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Bank of Australia increased its holdings in O'Reilly Automotive by 25.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 8,385 shares of the specialty retailer’s stock worth $1,799,000 after acquiring an additional 1,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in O'Reilly Automotive by 147.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,582 shares of the specialty retailer’s stock worth $2,494,000 after acquiring an additional 6,910 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in O'Reilly Automotive in the 2nd quarter worth about $3,667,000. The Manufacturers Life Insurance Company increased its holdings in O'Reilly Automotive by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock worth $57,255,000 after acquiring an additional 21,702 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in O'Reilly Automotive by 35.8% in the 3rd quarter. Alps Advisors Inc. now owns 2,360 shares of the specialty retailer’s stock worth $508,000 after acquiring an additional 622 shares during the last quarter. 88.21% of the stock is owned by institutional investors.
Several brokerages recently weighed in on ORLY. BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Citigroup lifted their price objective on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Group restated a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a research note on Friday. Zacks Investment Research downgraded O'Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Moffett Nathanson began coverage on O'Reilly Automotive in a research note on Monday, December 4th. They issued a “buy” rating for the company. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $251.05.
In other news, Chairman David E. Oreilly sold 70,000 shares of O'Reilly Automotive stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now owns 135,776 shares in the company, valued at approximately $29,910,095.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $2,200,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,580 shares of company stock valued at $39,241,985. Corporate insiders own 3.12% of the company’s stock.
Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) traded down $2.39 on Friday, hitting $249.83. The stock had a trading volume of 1,758,726 shares, compared to its average volume of 1,041,846. The company has a market cap of $21,061.17, a P/E ratio of 19.72, a PEG ratio of 1.08 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.56. O'Reilly Automotive Inc has a 12-month low of $169.43 and a 12-month high of $279.23.
O'Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $2.59 EPS. equities research analysts expect that O'Reilly Automotive Inc will post 15.54 EPS for the current year.
O'Reilly Automotive announced that its board has authorized a share buyback program on Wednesday, February 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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.
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