Integrated Investment Consultants LLC continued to hold its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to its most recent filing with the SEC. The firm owned 975 shares of the specialty retailer’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in O’Reilly Automotive were worth $213,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the company. Nikko Asset Management Americas Inc. purchased a new stake in 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 period. Proficio Capital Partners LLC raised its position in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after buying an additional 93 shares during the period. FTB Advisors Inc. raised its position in shares of O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock worth $124,000 after buying an additional 263 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of O’Reilly Automotive during the first quarter worth about $177,000. 95.61% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive, Inc. (ORLY) traded down 0.98% during trading on Tuesday, reaching $203.07. The company had a trading volume of 1,384,770 shares. The company has a market capitalization of $17.87 billion, a P/E ratio of 17.79 and a beta of 0.74. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $291.56. The stock has a 50 day moving average of $200.45 and a 200-day moving average of $244.78.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company earned $2.65 EPS. O’Reilly Automotive’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that O’Reilly Automotive, Inc. will post $11.88 EPS for the current fiscal year.
O’Reilly Automotive announced that its Board of Directors has authorized a share buyback program on Wednesday, May 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
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ORLY has been the topic of a number of research reports. Stephens set a $315.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, April 27th. Credit Suisse Group set a $290.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, UBS AG reissued a “buy” rating and issued a $255.00 target price (down previously from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $242.80.
In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the sale, the director now directly owns 77,562 shares in the company, valued at $16,298,878.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The disclosure for this sale can be found here. Insiders sold a total of 32,080 shares of company stock valued at $7,754,807 over the last quarter. 3.12% of the stock is owned by corporate insiders.
O’Reilly Automotive Company Profile
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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