Bbva Compass Bancshares Inc. reduced its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 15.8% during the second quarter, Holdings Channel reports. The fund owned 2,211 shares of the specialty retailer’s stock after selling 414 shares during the period. Bbva Compass Bancshares Inc.’s holdings in O’Reilly Automotive were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. IBM Retirement Fund raised its position in shares of O’Reilly Automotive by 107.1% in the second quarter. IBM Retirement Fund now owns 2,183 shares of the specialty retailer’s stock valued at $533,000 after buying an additional 1,129 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of O’Reilly Automotive by 411.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 40,500 shares of the specialty retailer’s stock valued at $8,858,000 after buying an additional 32,583 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of O’Reilly Automotive during the second quarter valued at $291,000. Russell Investments Group Ltd. raised its position in shares of O’Reilly Automotive by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 214,962 shares of the specialty retailer’s stock valued at $47,017,000 after buying an additional 14,012 shares during the last quarter. Finally, Harvey Investment Co. LLC raised its position in shares of O’Reilly Automotive by 0.7% in the second quarter. Harvey Investment Co. LLC now owns 115,464 shares of the specialty retailer’s stock valued at $25,257,000 after buying an additional 770 shares during the last quarter. Institutional investors own 95.61% of the company’s stock.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS.

O’Reilly Automotive declared that its board has authorized a stock buyback plan on Wednesday, May 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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Several brokerages recently weighed in on ORLY. BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Credit Suisse Group set a $195.00 price target on O’Reilly Automotive and gave the stock a “hold” rating in a research note on Thursday, July 27th. Wedbush restated a “neutral” rating and set a $195.00 price target on shares of O’Reilly Automotive in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, UBS AG restated a “buy” rating and set a $230.00 price target (down from $255.00) on shares of O’Reilly Automotive in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $242.80.

In related news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the transaction, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold a total of 27,080 shares of company stock worth $6,704,107 in the last 90 days. 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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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