Public Employees Retirement System of Ohio Reduces Stake in O’Reilly Automotive, Inc. (ORLY)

Public Employees Retirement System of Ohio lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,557 shares of the specialty retailer’s stock after selling 12,682 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of O’Reilly Automotive worth $16,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORLY. Brant Point Investment Management LLC grew its holdings in shares of O’Reilly Automotive by 18.5% in the 1st quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock worth $7,686,000 after acquiring an additional 4,450 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of O’Reilly Automotive by 14.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after acquiring an additional 226,450 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock worth $66,327,000 after acquiring an additional 14,745 shares during the last quarter. BlackRock Inc. grew its holdings in shares of O’Reilly Automotive by 2,327.8% in the 1st quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after acquiring an additional 5,458,171 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of O’Reilly Automotive by 28.0% in the 1st quarter. Morgan Stanley now owns 512,993 shares of the specialty retailer’s stock worth $138,427,000 after acquiring an additional 112,339 shares during the last quarter. 96.57% of the stock is currently owned by institutional investors.

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Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 0.71% on Tuesday, reaching $210.50. The company’s stock had a trading volume of 162,377 shares. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a market cap of $18.53 billion, a P/E ratio of 18.44 and a beta of 0.78. The company has a 50 day moving average price of $206.44 and a 200 day moving average price of $221.41.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 EPS. On average, analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has authorized a stock buyback plan on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the transaction, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the transaction, the senior vice president now owns 9,238 shares of the company’s stock, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,684,364 in the last 90 days. 3.12% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on the company. Bank of America Corporation restated a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Robert W. Baird restated a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Credit Suisse Group set a $195.00 target price on O’Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Hold” and an average target price of $242.21.

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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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