State of Michigan Retirement System raised its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 9.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,907 shares of the specialty retailer’s stock after purchasing an additional 1,560 shares during the quarter. State of Michigan Retirement System’s holdings in O’Reilly Automotive were worth $7,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. AXA raised its holdings in shares of O’Reilly Automotive by 0.5% in the 1st quarter. AXA now owns 72,982 shares of the specialty retailer’s stock worth $21,971,000 after purchasing an additional 345 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of O’Reilly Automotive by 12.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the specialty retailer’s stock worth $10,103,000 after acquiring an additional 3,838 shares during the period. Boston Trust Walden Corp increased its holdings in O’Reilly Automotive by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 17,381 shares of the specialty retailer’s stock worth $7,329,000 after acquiring an additional 50 shares during the last quarter. Guggenheim Capital LLC increased its holdings in O’Reilly Automotive by 11.7% in the 1st quarter. Guggenheim Capital LLC now owns 26,309 shares of the specialty retailer’s stock worth $7,921,000 after acquiring an additional 2,761 shares during the last quarter. Finally, Long Road Investment Counsel LLC raised its stake in O’Reilly Automotive by 8.3% in the 1st quarter. Long Road Investment Counsel LLC now owns 27,075 shares of the specialty retailer’s stock valued at $8,151,000 after acquiring an additional 2,085 shares during the period. 81.97% of the stock is owned by hedge funds and other institutional investors.
ORLY stock opened at $477.38 on Friday. O’Reilly Automotive Inc has a 52-week low of $251.51 and a 52-week high of $487.95. The stock’s fifty day simple moving average is $428.48 and its 200-day simple moving average is $392.96. The company has a quick ratio of 0.14, a current ratio of 0.95 and a debt-to-equity ratio of 9.81. The stock has a market capitalization of $35.43 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.03 and a beta of 1.07.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The company’s revenue was up 19.4% on a year-over-year basis. As a group, analysts anticipate that O’Reilly Automotive Inc will post 17.22 earnings per share for the current fiscal year.
In related news, SVP Carl David Wilbanks sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $425.74, for a total value of $4,257,400.00. Following the completion of the sale, the senior vice president now directly owns 10,807 shares of the company’s stock, valued at $4,600,972.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory D. Johnson sold 3,374 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the transaction, the chief executive officer now owns 7,734 shares of the company’s stock, valued at approximately $3,095,920.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,213 shares of company stock valued at $10,866,177. Insiders own 2.43% of the company’s stock.
Several analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of O’Reilly Automotive from $375.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Nomura upped their target price on shares of O’Reilly Automotive from $372.00 to $390.00 in a research note on Wednesday, May 20th. Wedbush increased their price target on O’Reilly Automotive from $420.00 to $490.00 and gave the company a “neutral” rating in a report on Thursday. Nomura Instinet raised their target price on O’Reilly Automotive from $372.00 to $390.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Finally, Stephens reissued an “overweight” rating and issued a $380.00 price target (up from $350.00) on shares of O’Reilly Automotive in a report on Thursday, April 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. O’Reilly Automotive has an average rating of “Hold” and a consensus price target of $441.42.
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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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