O’Reilly Automotive, Inc. (ORLY) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,747 shares of the specialty retailer’s stock after selling 3,200 shares during the quarter. State Treasurer State of Michigan’s holdings in O’Reilly Automotive were worth $5,761,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ORLY. BlueCrest Capital Management Ltd bought a new position in shares of O’Reilly Automotive during the 2nd quarter valued at approximately $3,667,000. Principal Financial Group Inc. boosted its position in shares of O’Reilly Automotive by 14.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after acquiring an additional 226,450 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of O’Reilly Automotive by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after acquiring an additional 21,702 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of O’Reilly Automotive by 5.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after acquiring an additional 14,745 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. boosted its position in shares of O’Reilly Automotive by 1.3% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,603 shares of the specialty retailer’s stock valued at $2,101,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “O’Reilly Automotive, Inc. (ORLY) Shares Sold by State Treasurer State of Michigan” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/11/oreilly-automotive-inc-orly-holdings-trimmed-by-state-treasurer-state-of-michigan.html.

A number of research firms have recently commented on ORLY. Oppenheimer Holdings, Inc. lowered their target price on O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, July 20th. Wedbush restated a “neutral” rating and set a $195.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 27th. Deutsche Bank AG restated a “hold” rating and set a $190.00 price target (down previously from $272.00) on shares of O’Reilly Automotive in a report on Friday, July 21st. UBS AG restated a “buy” rating and set a $230.00 price target (down previously from $255.00) on shares of O’Reilly Automotive in a report on Tuesday, July 25th. Finally, Bank of America Corporation restated a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $243.48.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up $3.34 during trading hours on Friday, hitting $214.43. The stock had a trading volume of 851,000 shares, compared to its average volume of 1,332,907. O’Reilly Automotive, Inc. has a 1 year low of $169.43 and a 1 year high of $286.57. The stock has a market capitalization of $17,948.50, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.10 and a current ratio of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $2.90 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts expect that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

O’Reilly Automotive announced that its board has approved a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically 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 business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the completion of the sale, the director now directly owns 72,562 shares in the company, valued at $14,575,528.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,620 shares of company stock valued at $2,959,471. 3.12% of the stock is owned by company insiders.

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)

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply