Legacy Capital Partners Inc. Boosts Holdings in O’Reilly Automotive, Inc. (ORLY)

Legacy Capital Partners Inc. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 39.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,892 shares of the specialty retailer’s stock after buying an additional 1,954 shares during the period. Legacy Capital Partners Inc.’s holdings in O’Reilly Automotive were worth $1,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. Monetary Management Group Inc. boosted its position in shares of O’Reilly Automotive by 16.3% in the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares during the period. Barrett Asset Management LLC boosted its position in shares of O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares during the period. Proficio Capital Partners LLC boosted its position in shares of O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after buying an additional 5 shares during the period. Sun Life Financial INC boosted its position in shares of O’Reilly Automotive by 5,107.7% in the second quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock worth $148,000 after buying an additional 664 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of O’Reilly Automotive by 15.9% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 730 shares of the specialty retailer’s stock worth $160,000 after buying an additional 100 shares during the period. 95.99% of the stock is owned by institutional investors.



Several brokerages have recently weighed in on ORLY. UBS AG reaffirmed a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. Robert W. Baird reiterated a “neutral” rating on shares of O’Reilly Automotive in a research note on Friday, September 1st. Credit Suisse Group set a $193.00 price target on O’Reilly Automotive and gave the stock a “hold” rating in a research note on Thursday, October 26th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. 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 given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $243.48.

Shares of O’Reilly Automotive, Inc. (ORLY) traded up $0.83 during mid-day trading on Monday, reaching $220.49. The company had a trading volume of 756,400 shares, compared to its average volume of 1,320,379. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. The company has a market cap of $18,747.76, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $2.90 EPS. sell-side analysts forecast that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

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

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In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas Mcfall sold 10,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,345 shares of company stock valued at $7,055,572. 3.12% of the stock is currently owned by corporate 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)

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