OLD National Bancorp IN Buys Shares of 959 O’Reilly Automotive, Inc. (ORLY)

OLD National Bancorp IN bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 959 shares of the specialty retailer’s stock, valued at approximately $207,000.

Several other large investors have also recently made changes to their positions in the company. Monetary Management Group Inc. increased its position in O’Reilly Automotive by 16.3% during the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after buying an additional 65 shares in the last quarter. Barrett Asset Management LLC increased its position in O’Reilly Automotive by 261.5% during the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC increased its position in O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 5 shares in the last quarter. Sun Life Financial INC increased its position in O’Reilly Automotive by 5,107.7% during the 2nd quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 664 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its position in O’Reilly Automotive by 15.9% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 730 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 100 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

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In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $211.24, for a total value of $219,689.60. Following the transaction, the senior vice president now directly owns 9,250 shares in the company, valued at approximately $1,953,970. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the completion of the transaction, the director now owns 72,562 shares in the company, valued at $14,575,528.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,120 shares of company stock worth $2,640,736. Company insiders own 3.12% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at $212.50 on Friday. The company has a market capitalization of $18.88 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $2.90 EPS. analysts forecast that O’Reilly Automotive, Inc. will post 11.91 EPS for the current year.

O’Reilly Automotive declared that its board has authorized a stock buyback plan on Friday, September 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

ORLY has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. set a $220.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group set a $193.00 price objective on O’Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, October 26th. UBS Group AG (USA) reaffirmed a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. Robert W. Baird reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Finally, Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $243.48.

O’Reilly Automotive 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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