Creative Planning Sells 440 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Creative Planning decreased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,256 shares of the specialty retailer’s stock after selling 440 shares during the period. Creative Planning’s holdings in O’Reilly Automotive were worth $1,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in O’Reilly Automotive during the fourth quarter worth about $206,000. Tudor Investment Corp Et Al purchased a new position in O’Reilly Automotive during the fourth quarter worth about $279,000. Quadrature Capital Ltd purchased a new position in O’Reilly Automotive during the fourth quarter worth about $5,248,000. UBS Asset Management Americas Inc. boosted its position in O’Reilly Automotive by 85.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 894,128 shares of the specialty retailer’s stock worth $248,933,000 after buying an additional 411,530 shares during the period. Finally, Whalerock Point Partners LLC boosted its position in O’Reilly Automotive by 1.9% in the fourth quarter. Whalerock Point Partners LLC now owns 1,835 shares of the specialty retailer’s stock worth $511,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 95.61% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up 0.86% during trading on Friday, reaching $198.91. 984,095 shares of the company were exchanged. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 17.42 and a beta of 0.74. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $288.67. The stock’s 50-day moving average is $197.62 and its 200-day moving average is $242.64.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.20. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $2.65 earnings per share. Equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its board has initiated a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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A number of research analysts have recently issued reports on ORLY shares. Deutsche Bank AG cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and cut their target price for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada dropped their price objective on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 25th. Credit Suisse Group set a $290.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, April 27th. Finally, Stephens set a $315.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $242.80.

In other news, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the completion of the transaction, the chairman now directly owns 145,568 shares in the company, valued at $36,473,518.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the transaction, the director now owns 77,562 shares of the company’s stock, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold 32,080 shares of company stock valued at $7,754,807 over the last quarter. Corporate insiders own 3.12% of the company’s stock.

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.

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

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