Edgestream Partners L.P. trimmed its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 58.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,715 shares of the specialty retailer’s stock after selling 2,398 shares during the quarter. Edgestream Partners L.P.’s holdings in O’Reilly Automotive were worth $375,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrett Asset Management LLC boosted its position in shares of O’Reilly Automotive by 261.5% during the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 340 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 5 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in O’Reilly Automotive by 1.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the period. State of Alaska Department of Revenue purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $177,000. Finally, Penserra Capital Management LLC raised its holdings in O’Reilly Automotive by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.
O’Reilly Automotive, Inc. (ORLY) opened at 209.59 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The stock’s 50 day moving average price is $201.21 and its 200-day moving average price is $229.32. The company has a market cap of $18.45 billion, a P/E ratio of 18.36 and a beta of 0.76.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.65 EPS. On average, equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its board has initiated a stock buyback program on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
ORLY has been the topic of several recent research reports. J P Morgan Chase & Co restated a “neutral” rating and set a $210.00 price target (down previously from $295.00) on shares of O’Reilly Automotive in a report on Thursday, July 6th. Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $200.00 to $195.00 in a report on Thursday, July 6th. BidaskClub lowered O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Northcoast Research upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a report on Tuesday, July 18th. They noted that the move was a valuation call. Finally, UBS AG restated a “buy” rating and set a $230.00 price target (down previously from $255.00) on shares of O’Reilly Automotive in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $245.30.
In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the sale, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock worth $3,687,235 in the last quarter. Company insiders own 3.12% of the company’s stock.
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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