Beacon Financial Group Purchases New Position in O’Reilly Automotive, Inc. (ORLY)

Beacon Financial Group acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,845 shares of the specialty retailer’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in O’Reilly Automotive by 9.1% in the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after buying an additional 520,626 shares during the period. Vanguard Group Inc. raised its holdings in O’Reilly Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after buying an additional 66,172 shares during the period. JPMorgan Chase & Co. raised its holdings in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after buying an additional 1,251,237 shares during the period. Polen Capital Management LLC raised its holdings in O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after buying an additional 543,664 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in O’Reilly Automotive by 14.6% in the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after buying an additional 226,450 shares during the period. Hedge funds and other institutional investors own 96.66% of the company’s stock.

In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.19, for a total transaction of $205,077.60. Following the completion of the transaction, the senior vice president now directly owns 9,238 shares in the company, valued at $1,821,641.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 5,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.40, for a total value of $987,000.00. Following the transaction, the director now owns 142,754 shares of the company’s stock, valued at $28,179,639.60. The disclosure for this sale can be found here. Insiders sold 18,120 shares of company stock valued at $3,684,364 over the last 90 days. Corporate insiders own 3.12% of the company’s stock.

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ORLY has been the topic of several research reports. UBS AG restated a “buy” rating and issued a $255.00 price target (down previously from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. Jefferies Group LLC lowered their price objective on shares of O’Reilly Automotive from $302.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Northcoast Research raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Finally, Bank of America Corporation reissued a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $243.48.

O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 0.301% on Friday, reaching $213.355. The company had a trading volume of 541,039 shares. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 18.689 and a beta of 0.78. The company’s 50 day moving average price is $208.14 and its 200-day moving average price is $218.68.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 80.84% and a net margin of 12.13%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that O’Reilly Automotive, Inc. will post $11.86 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has initiated a share buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

O’Reilly Automotive 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.

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

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