Strs Ohio cut its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 49.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,998 shares of the specialty retailer’s stock after selling 129,387 shares during the period. Strs Ohio owned 0.15% of O’Reilly Automotive worth $28,873,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Nikko Asset Management Americas Inc. bought a new stake in shares of O’Reilly Automotive during the first quarter valued at about $108,000. Parkside Financial Bank & Trust boosted 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 worth $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC boosted 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 worth $119,000 after buying an additional 93 shares in the last quarter. FTB Advisors Inc. boosted 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 worth $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in O’Reilly Automotive during the first quarter worth $177,000. Institutional investors and hedge funds own 94.39% of the company’s stock.
O’Reilly Automotive, Inc. (ORLY) opened at 197.92 on Friday. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 17.34 and a beta of 0.74. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $288.67. The company’s 50 day moving average price is $194.06 and its 200-day moving average price is $239.83.
O’Reilly Automotive declared that its board has approved a stock repurchase program on Wednesday, May 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
ORLY has been the topic of a number of analyst reports. Wedbush restated a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and cut their price target for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub cut O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $242.80.
In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the company’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 completion of the transaction, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,080 shares of company stock worth $1,490,807. 3.12% of the stock is 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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