Huntington National Bank reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 695 shares of the specialty retailer’s stock after selling 131 shares during the period. Huntington National Bank’s holdings in O’Reilly Automotive were worth $152,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in ORLY. BlackRock Inc. boosted its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the period. Waddell & Reed Financial Inc. boosted its stake in O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares during the period. Vontobel Asset Management Inc. bought a new stake in O’Reilly Automotive during the second quarter valued at about $119,025,000. TIAA CREF Investment Management LLC raised its stake in O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock valued at $222,811,000 after buying an additional 445,609 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock valued at $213,751,000 after buying an additional 413,385 shares in the last quarter. 94.39% of the stock is owned by institutional investors.
Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 1.35% on Friday, reaching $197.92. 1,366,523 shares of the company’s stock were exchanged. The firm has a market capitalization of $17.42 billion, a P/E 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. The firm has a 50 day moving average of $194.06 and a 200 day moving average of $239.83.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company earned $2.65 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.88 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Several equities research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Credit Suisse Group set a $195.00 price target on shares of O’Reilly Automotive and gave the company a “hold” rating in a report on Thursday, July 27th. Wedbush restated a “neutral” rating and issued a $195.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 27th. Finally, UBS AG restated a “buy” rating and issued a $230.00 price target (down previously from $255.00) on shares of O’Reilly Automotive in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $242.80.
In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive 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 completion of the transaction, the senior vice president now directly owns 9,232 shares in the company, valued at $1,887,390.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,080 shares of company stock worth $1,490,807. 3.12% of the stock is owned by corporate insiders.
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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