AMP Capital Investors Ltd grew its stake in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 61.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,471 shares of the specialty retailer’s stock after purchasing an additional 15,474 shares during the quarter. AMP Capital Investors Ltd owned about 0.05% of O’Reilly Automotive worth $13,997,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Centaurus Financial Inc. acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $112,000. San Francisco Sentry Investment Group CA acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $119,000. HighPoint Advisor Group LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $182,000. Checchi Capital Advisers LLC bought a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $204,000. Finally, North American Management Corp bought a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $204,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on ORLY shares. Oppenheimer lifted their target price on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Morgan Stanley lifted their target price on O’Reilly Automotive from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 6th. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. upgraded O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 target price for the company in a research note on Friday, October 19th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. O’Reilly Automotive presently has an average rating of “Buy” and an average target price of $344.25.
ORLY opened at $346.34 on Tuesday. The firm has a market capitalization of $27.78 billion, a P/E ratio of 29.25, a PEG ratio of 1.37 and a beta of 1.09. O’Reilly Automotive Inc has a 1 year low of $217.64 and a 1 year high of $363.20. The company has a quick ratio of 0.11, a current ratio of 0.91 and a debt-to-equity ratio of 6.37.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.31 by $0.19. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. On average, research 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 initiated a stock buyback plan on Tuesday, November 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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O’Reilly Automotive Profile
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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