Woodstock Corp trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,523 shares of the specialty retailer’s stock after selling 240 shares during the quarter. O’Reilly Automotive comprises about 3.3% of Woodstock Corp’s portfolio, making the stock its 4th biggest position. Woodstock Corp’s holdings in O’Reilly Automotive were worth $26,135,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Fulton Bank N.A. raised its stake in O’Reilly Automotive by 8.1% during the 1st quarter. Fulton Bank N.A. now owns 2,433 shares of the specialty retailer’s stock worth $1,234,000 after buying an additional 183 shares during the period. Pensionfund DSM Netherlands raised its stake in O’Reilly Automotive by 12.5% during the 1st quarter. Pensionfund DSM Netherlands now owns 7,200 shares of the specialty retailer’s stock worth $3,652,000 after buying an additional 800 shares during the period. Legacy Wealth Asset Management LLC acquired a new position in O’Reilly Automotive during the 4th quarter worth approximately $706,000. Childress Capital Advisors LLC acquired a new position in O’Reilly Automotive during the 4th quarter worth approximately $27,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in O’Reilly Automotive during the 4th quarter worth approximately $874,000. 82.00% of the stock is currently owned by institutional investors.
In other O’Reilly Automotive news, CFO Thomas Mcfall sold 11,140 shares of the stock in a transaction on Thursday, March 25th. The stock was sold at an average price of $487.49, for a total transaction of $5,430,638.60. Following the completion of the transaction, the chief financial officer now directly owns 16,902 shares of the company’s stock, valued at $8,239,555.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 24,014 shares of the stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $490.19, for a total value of $11,771,422.66. Following the transaction, the chairman now directly owns 42,291 shares of the company’s stock, valued at $20,730,625.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,409 shares of company stock valued at $22,254,747. 2.43% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the company. Oppenheimer reaffirmed a “buy” rating and set a $555.00 price target on shares of O’Reilly Automotive in a research note on Thursday, February 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on O’Reilly Automotive in a research note on Monday, March 15th. They set a “neutral” rating and a $493.00 price target on the stock. Credit Suisse Group reaffirmed a “hold” rating on shares of O’Reilly Automotive in a research note on Thursday, April 1st. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $535.00 to $575.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Stephens boosted their price objective on O’Reilly Automotive from $530.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, March 26th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $502.36.
Shares of ORLY stock traded down $3.30 during trading on Thursday, hitting $509.34. The company’s stock had a trading volume of 2,883 shares, compared to its average volume of 635,828. The company has a market cap of $35.61 billion, a PE ratio of 22.90, a P/E/G ratio of 1.44 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 5.81. The business has a fifty day moving average of $477.64 and a 200-day moving average of $459.53. O’Reilly Automotive, Inc. has a 52 week low of $332.16 and a 52 week high of $516.92.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Tuesday, February 9th. The specialty retailer reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.13 by $0.27. O’Reilly Automotive had a return on equity of 373.35% and a net margin of 14.96%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $4.25 earnings per share. O’Reilly Automotive’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 23.13 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.
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