Hermes Investment Management Ltd. raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,084 shares of the specialty retailer’s stock after buying an additional 2,850 shares during the period. Hermes Investment Management Ltd. owned about 0.20% of O’Reilly Automotive worth $39,173,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Rational Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth $688,000. Glenview Trust Co increased its stake in O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock worth $2,246,000 after buying an additional 5,536 shares during the period. Highbridge Capital Management LLC increased its stake in O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock worth $14,756,000 after buying an additional 3,503 shares during the period. First Trust Advisors LP increased its stake in O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock worth $13,059,000 after buying an additional 4,292 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in O’Reilly Automotive by 8.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 19,708 shares of the specialty retailer’s stock worth $5,318,000 after buying an additional 1,574 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.
Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down 1.35% on Friday, reaching $197.92. 1,366,523 shares of the company traded hands. The firm has a 50-day moving average price of $194.06 and a 200 day moving average price of $239.83. The company has a market capitalization of $17.42 billion, a PE ratio of 17.34 and a beta of 0.74. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $288.67.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. O’Reilly Automotive’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post $11.88 EPS for the current fiscal year.
O’Reilly Automotive declared that its board has initiated a share buyback program on Wednesday, May 10th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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ORLY has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Deutsche Bank AG downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their target price for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. set a $220.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded shares of O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive currently has an average rating of “Hold” and an average price target of $242.80.
In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the sale, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 7,080 shares of company stock valued at $1,490,807 in the last 90 days. 3.12% of the stock is currently owned by company 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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