Strategic Wealth Partners Ltd. reduced its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224 shares of the specialty retailer’s stock after selling 58 shares during the period. Strategic Wealth Partners Ltd.’s holdings in O’Reilly Automotive were worth $78,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new position in O’Reilly Automotive during the 2nd quarter worth $112,000. San Francisco Sentry Investment Group CA bought a new position in O’Reilly Automotive during the third quarter valued at about $119,000. Honkamp Krueger Financial Services Inc. bought a new position in O’Reilly Automotive during the third quarter valued at about $129,000. Capital Bank & Trust Co boosted its stake in O’Reilly Automotive by 159.4% during the third quarter. Capital Bank & Trust Co now owns 371 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 228 shares in the last quarter. Finally, Capital Guardian Trust Co. bought a new position in O’Reilly Automotive during the third quarter valued at about $167,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ ORLY opened at $331.45 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. The stock has a market cap of $27.27 billion, a PE ratio of 27.99, a P/E/G ratio of 1.35 and a beta of 1.10. O’Reilly Automotive Inc has a 52 week low of $217.64 and a 52 week high of $363.20.
O’Reilly Automotive declared that its Board of Directors has approved a share buyback plan on Tuesday, November 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several equities research analysts recently issued reports on ORLY shares. Zacks Investment Research raised O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price objective for the company in a research note on Tuesday, November 27th. BidaskClub downgraded O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Bank of America reaffirmed a “top pick” rating and set a $390.00 price target (up from $330.00) on shares of O’Reilly Automotive in a research note on Monday, September 17th. Finally, JPMorgan Chase & Co. raised O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 price target for the company in a research note on Friday, October 19th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $343.94.
In other news, SVP Jeffrey Alan Lauro sold 12,526 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $351.06, for a total transaction of $4,397,377.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.12% of the company’s stock.
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O’Reilly Automotive Company 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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