Hartford Investment Management Co. decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.6% during the second quarter, according to its most recent disclosure with the 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.
A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares during the last quarter. Vontobel Asset Management Inc. purchased a new stake in O’Reilly Automotive during the second quarter valued at $119,025,000. TIAA CREF Investment Management LLC boosted its stake in O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock valued at $222,811,000 after buying an additional 445,609 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock valued at $213,751,000 after buying an additional 413,385 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive, Inc. (ORLY) traded down 1.35% during trading on Friday, hitting $197.92. The stock had a trading volume of 1,366,523 shares. The company has a 50-day moving average of $194.06 and a 200-day moving average of $239.83. The stock has a market capitalization of $17.42 billion, a P/E ratio of 17.34 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.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $2.65 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that O’Reilly Automotive, Inc. will post $11.88 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its board has authorized a share buyback plan on Wednesday, May 10th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several analysts recently weighed in on ORLY shares. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $262.00 to $210.00 in a report on Thursday, July 6th. Stephens set a $315.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Credit Suisse Group cut O’Reilly Automotive from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $262.00 to $195.00 in a report on Thursday, July 6th. One 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 given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $242.80.
In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’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 sale, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total value of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. Insiders sold 7,080 shares of company stock worth $1,490,807 in the last quarter. 3.12% of the stock is currently owned by company 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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