Louisiana State Employees Retirement System maintained its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the specialty retailer’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in O’Reilly Automotive were worth $1,225,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. purchased a new position in O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust raised its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC raised its position in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. FTB Advisors Inc. raised its position in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in O’Reilly Automotive during the first quarter valued at approximately $177,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 1.35% during midday trading on Friday, reaching $197.92. 1,366,523 shares of the company traded hands. The stock’s 50 day moving average is $194.06 and its 200 day moving average is $239.83. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $288.67. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 17.34 and a beta of 0.74.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating 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 business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $2.65 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.88 earnings per share for the current year.
O’Reilly Automotive announced that its board has authorized a share repurchase plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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Several research firms have commented on ORLY. Barclays PLC set a $234.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. UBS AG lowered shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Royal Bank Of Canada decreased their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. One equities 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $242.80.
In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 of the company’s stock, valued at $16,298,878.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the sale, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders have sold 7,080 shares of company stock worth $1,490,807 over the last quarter. Company insiders own 3.12% of the company’s stock.
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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