Keybank National Association OH lifted its stake in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 73.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,474 shares of the specialty retailer’s stock after acquiring an additional 3,156 shares during the period. Keybank National Association OH’s holdings in O'Reilly Automotive were worth $1,798,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $100,000. Amica Retiree Medical Trust purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $107,000. NuWave Investment Management LLC purchased a new stake in shares of O'Reilly Automotive during the 4th quarter valued at about $122,000. Fieldpoint Private Securities LLC purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $141,000. Finally, Capital Guardian Trust Co. purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $157,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Several brokerages recently commented on ORLY. Jefferies Group reiterated a “buy” rating and set a $297.00 target price on shares of O'Reilly Automotive in a report on Friday, February 9th. Robert W. Baird raised their target price on O'Reilly Automotive from $230.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, February 9th. BidaskClub downgraded O'Reilly Automotive from a “hold” rating to a “sell” rating in a report on Friday. Citigroup lifted their price objective on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Credit Suisse Group lifted their price objective on O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $251.05.
Shares of O'Reilly Automotive Inc (NASDAQ ORLY) opened at $251.10 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56. O'Reilly Automotive Inc has a twelve month low of $169.43 and a twelve month high of $279.23. The stock has a market capitalization of $21,168.28, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.12. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. O'Reilly Automotive’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. equities analysts anticipate that O'Reilly Automotive Inc will post 15.44 earnings per share for the current fiscal year.
O'Reilly Automotive declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, Chairman David E. Oreilly sold 70,000 shares of O'Reilly Automotive stock in a transaction that occurred 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 in the company, valued at approximately $29,910,095.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory D. Johnson sold 15,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $233.33, for a total value of $3,499,950.00. Following the completion of the transaction, the insider now owns 18,958 shares of the company’s stock, valued at approximately $4,423,470.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,080 shares of company stock valued at $35,846,310. 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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