Advisor Group Inc. lowered its holdings in O'Reilly Automotive Inc (NASDAQ:ORLY) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,012 shares of the specialty retailer’s stock after selling 2,286 shares during the period. Advisor Group Inc.’s holdings in O'Reilly Automotive were worth $2,168,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Daiwa SB Investments Ltd. grew its position in O'Reilly Automotive by 5.3% in the fourth quarter. Daiwa SB Investments Ltd. now owns 4,190 shares of the specialty retailer’s stock worth $1,008,000 after buying an additional 210 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in O'Reilly Automotive by 19.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,311 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 210 shares during the period. Tower Research Capital LLC TRC boosted its stake in O'Reilly Automotive by 58.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 240 shares during the period. CIBC Asset Management Inc boosted its stake in O'Reilly Automotive by 1.8% in the 3rd quarter. CIBC Asset Management Inc now owns 15,089 shares of the specialty retailer’s stock worth $3,250,000 after purchasing an additional 261 shares during the period. Finally, SG Americas Securities LLC boosted its stake in O'Reilly Automotive by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 10,452 shares of the specialty retailer’s stock worth $2,514,000 after purchasing an additional 262 shares during the period. Institutional investors own 88.65% of the company’s stock.
Several equities research analysts recently issued reports on ORLY shares. Royal Bank of Canada upgraded shares of O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a report on Wednesday, December 13th. Wedbush restated a “neutral” rating and set a $250.00 price objective (up previously from $195.00) on shares of O'Reilly Automotive in a report on Friday, December 15th. BidaskClub downgraded shares of O'Reilly Automotive from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research report on Wednesday, December 27th. Finally, Credit Suisse Group set a $241.00 target price on shares of O'Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, January 4th. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $248.11.
Shares of ORLY traded down $6.68 on Friday, reaching $237.19. 661,852 shares of the company’s stock were exchanged, compared to its average volume of 708,107. O'Reilly Automotive Inc has a 12 month low of $169.43 and a 12 month high of $279.23. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.11. The company has a market cap of $19,757.93, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94.
O'Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. analysts expect that O'Reilly Automotive Inc will post 15.45 EPS for the current year.
O'Reilly Automotive announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director John Raymond Murphy sold 400 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $245.17, for a total transaction of $98,068.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Lynn Groves sold 5,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the transaction, the senior vice president now owns 5,008 shares of the company’s stock, valued at approximately $1,352,160. The disclosure for this sale can be found here. Insiders have sold 18,735 shares of company stock valued at $5,033,080 in the last three months. 3.12% of the stock is owned by insiders.
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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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