Great Lakes Advisors LLC Grows Holdings in O’Reilly Automotive Inc (ORLY)

Great Lakes Advisors LLC raised its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,465 shares of the specialty retailer’s stock after purchasing an additional 176 shares during the period. Great Lakes Advisors LLC’s holdings in O’Reilly Automotive were worth $11,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Morgan Stanley boosted its holdings in shares of O’Reilly Automotive by 100.8% during the 2nd quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after purchasing an additional 262,779 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 18,926.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock valued at $673,000 after acquiring an additional 183,780 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of O’Reilly Automotive by 326.3% in the 3rd quarter. Victory Capital Management Inc. now owns 207,163 shares of the specialty retailer’s stock valued at $71,951,000 after acquiring an additional 158,571 shares during the last quarter. Waddell & Reed Financial Inc. lifted its holdings in shares of O’Reilly Automotive by 25.1% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock valued at $162,626,000 after acquiring an additional 119,235 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of O’Reilly Automotive by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock valued at $303,869,000 after acquiring an additional 105,794 shares during the last quarter. 85.89% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive stock opened at $346.78 on Friday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91. O’Reilly Automotive Inc has a 1-year low of $217.64 and a 1-year high of $363.20. The stock has a market capitalization of $27.78 billion, a P/E ratio of 22.68, a PEG ratio of 1.37 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. Sell-side analysts expect that O’Reilly Automotive Inc will post 16.1 EPS for the current fiscal year.

O’Reilly Automotive announced that its board has authorized a share buyback program on Tuesday, November 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP Jeffrey Alan Lauro sold 12,526 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $351.06, for a total value of $4,397,377.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.12% of the company’s stock.

A number of research analysts recently commented on ORLY shares. Oppenheimer increased their price target on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Morgan Stanley increased their price target on shares of O’Reilly Automotive from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, November 6th. BidaskClub raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 11th. Finally, JPMorgan Chase & Co. raised shares of O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 price target for the company in a report on Friday, October 19th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $344.25.

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About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, 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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