Schwab Charles Investment Management Inc. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,478 shares of the specialty retailer’s stock after buying an additional 6,132 shares during the period. Schwab Charles Investment Management Inc. owned 0.32% of O’Reilly Automotive worth $77,843,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of O’Reilly Automotive during the fourth quarter worth $103,000. Nikko Asset Management Americas Inc. purchased a new position in shares of O’Reilly Automotive during the first quarter worth $108,000. Parkside Financial Bank & Trust raised its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares during the last quarter. FTB Advisors Inc. raised its position in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in O’Reilly Automotive during the first quarter valued at approximately $177,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 185.50 on Tuesday. The stock has a market cap of $16.88 billion, a PE ratio of 16.91 and a beta of 0.76. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $292.84. The stock has a 50 day moving average of $237.55 and a 200 day moving average of $260.49.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $2.59 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that O’Reilly Automotive, Inc. will post $11.77 EPS for the current year.
O’Reilly Automotive announced that its Board of Directors has initiated a stock repurchase program on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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Several research analysts recently commented on the company. Barclays PLC set a $234.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, April 27th. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada decreased their price target on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $258.64.
In related news, Director John Raymond Murphy sold 600 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the transaction, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold 26,640 shares of company stock valued at $6,639,552 over the last ninety days. Insiders own 3.12% of the company’s stock.
About O’Reilly Automotive
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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