Sumitomo Mitsui Asset Management Company LTD Purchases 4,713 Shares of O’Reilly Automotive, Inc. (ORLY)

Sumitomo Mitsui Asset Management Company LTD boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,213 shares of the specialty retailer’s stock after purchasing an additional 4,713 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD owned about 0.05% of O’Reilly Automotive worth $9,737,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new stake in O’Reilly Automotive in the 2nd quarter valued at about $3,667,000. Principal Financial Group Inc. lifted its position in O’Reilly Automotive by 14.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after purchasing an additional 226,450 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in O’Reilly Automotive by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after purchasing an additional 14,745 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in O’Reilly Automotive by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after purchasing an additional 21,702 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its position in O’Reilly Automotive by 1.3% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,603 shares of the specialty retailer’s stock valued at $2,101,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

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A number of analysts have commented on the stock. Raymond James Financial, Inc. dropped their price target on shares of O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Citigroup Inc. boosted their price target on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird restated a “hold” rating and set a $220.00 price target on shares of O’Reilly Automotive in a research report on Friday. Finally, UBS AG restated a “buy” rating and set a $240.00 price target (up from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive presently has a consensus rating of “Hold” and a consensus price target of $243.48.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down 0.14% on Tuesday, hitting $213.49. 153,483 shares of the stock traded hands. The company’s 50 day moving average price is $209.34 and its 200-day moving average price is $217.59. The stock has a market capitalization of $18.79 billion, a P/E ratio of 18.70 and a beta of 0.78. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. O’Reilly Automotive’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $2.90 EPS. Analysts predict that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive declared that its Board of Directors has authorized a stock repurchase program on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

In related news, Director Lawrence P. Oreilly sold 5,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.40, for a total transaction of $987,000.00. Following the completion of the sale, the director now directly owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Insiders sold a total of 17,080 shares of company stock worth $3,471,747 over the last quarter. 3.12% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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

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