First Merchants Corp purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,318 shares of the specialty retailer’s stock, valued at approximately $1,145,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in O’Reilly Automotive by 9.1% in the 2nd quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after acquiring an additional 520,626 shares during the period. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after acquiring an additional 66,172 shares during the period. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 66.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after acquiring an additional 1,251,237 shares during the period. Polen Capital Management LLC raised its stake in O’Reilly Automotive by 35.7% in the 2nd quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after acquiring an additional 543,664 shares during the period. Finally, Principal Financial Group Inc. raised its stake 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 acquiring an additional 226,450 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.
In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were 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 13,120 shares of company stock worth $2,640,736 over the last ninety days. 3.12% of the stock is currently owned by insiders.
ORLY has been the topic of a number of research analyst reports. Northcoast Research upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a research note on Tuesday, July 18th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. set a $220.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. UBS AG reaffirmed a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Bank of America Corporation reaffirmed a “buy” rating and issued a $250.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Finally, Citigroup Inc. upped their price objective on O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of “Hold” and a consensus target price of $243.48.
Shares of O’Reilly Automotive, Inc. (ORLY) opened at $208.70 on Monday. The firm has a market capitalization of $18,703.54, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.07. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. O’Reilly Automotive’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.90 earnings per share. equities research analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current year.
O’Reilly Automotive declared that its board has approved a stock repurchase plan on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
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.
Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).
What are top analysts saying about O'Reilly Automotive Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for O'Reilly Automotive Inc. and related companies.