Janney Montgomery Scott LLC increased its stake in O'Reilly Automotive Inc (NASDAQ:ORLY) by 238.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,738 shares of the specialty retailer’s stock after purchasing an additional 3,340 shares during the period. Janney Montgomery Scott LLC’s holdings in O'Reilly Automotive were worth $1,020,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in shares of O'Reilly Automotive by 1.4% in the second quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock worth $668,000 after purchasing an additional 42 shares during the last quarter. Monetary Management Group Inc. increased its position in shares of O'Reilly Automotive by 16.3% in the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 65 shares during the last quarter. HPM Partners LLC increased its position in shares of O'Reilly Automotive by 0.9% in the second quarter. HPM Partners LLC now owns 8,775 shares of the specialty retailer’s stock worth $1,919,000 after purchasing an additional 82 shares during the last quarter. WMS Partners LLC increased its position in shares of O'Reilly Automotive by 3.2% in the second quarter. WMS Partners LLC now owns 3,019 shares of the specialty retailer’s stock worth $660,000 after purchasing an additional 93 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in O'Reilly Automotive by 13.0% during the second quarter. Penserra Capital Management LLC now owns 832 shares of the specialty retailer’s stock valued at $181,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.
Shares of O'Reilly Automotive Inc (NASDAQ ORLY) opened at $241.50 on Friday. O'Reilly Automotive Inc has a 52 week low of $169.43 and a 52 week high of $285.40. The company has a market capitalization of $20,610.00, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.43 and a beta of 0.84. 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 declared that its board has initiated a share repurchase program on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of research analysts have commented on ORLY shares. Robert W. Baird reiterated a “neutral” rating on shares of O'Reilly Automotive in a research report on Friday, September 1st. Bank of America reiterated a “buy” rating and set a $250.00 price target on shares of O'Reilly Automotive in a research report on Tuesday, September 5th. UBS reiterated 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. Oppenheimer set a $220.00 price target on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group set a $193.00 price target on shares of O'Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $246.10.
In other O'Reilly Automotive news, SVP Scott E. Kraus sold 8,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $237.84, for a total value of $2,021,640.00. Following the completion of the transaction, the senior vice president now owns 4,959 shares in the company, valued at $1,179,448.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total value of $15,420,300.00. Following the completion of the transaction, the chairman now owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The disclosure for this sale can be found here. Insiders sold 149,945 shares of company stock valued at $33,756,392 in the last ninety days. 3.12% of the stock is currently owned by insiders.
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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.
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