Hartford Investment Management Co. reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,783 shares of the specialty retailer’s stock after selling 949 shares during the period. Hartford Investment Management Co.’s holdings in O’Reilly Automotive were worth $4,327,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Nikko Asset Management Americas Inc. purchased a new position in O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust increased its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC increased its stake in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. FTB Advisors Inc. increased its stake in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in O’Reilly Automotive during the first quarter valued at $177,000. 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, hitting $198.91. 984,095 shares of the stock were exchanged. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $288.67. The firm has a 50 day moving average of $197.02 and a 200-day moving average of $242.17. The company 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 (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.
O’Reilly Automotive announced that its board has initiated a stock repurchase program on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
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Several analysts have recently commented on ORLY shares. Barclays PLC set a $234.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Royal Bank Of Canada dropped their price objective on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $242.80.
In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares of the company’s stock, valued at $16,298,878.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,080 shares of company stock valued at $7,754,807. 3.12% of the stock is owned by insiders.
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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