BTC Capital Management Inc. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,500 shares of the specialty retailer’s stock after buying an additional 201 shares during the period. BTC Capital Management Inc.’s holdings in O’Reilly Automotive were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of O’Reilly Automotive by 41.7% in the fourth quarter. Macquarie Group Ltd. now owns 47,988 shares of the specialty retailer’s stock worth $13,360,000 after buying an additional 14,116 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new position in shares of O’Reilly Automotive during the first quarter worth $236,000. National Pension Service raised its position in shares of O’Reilly Automotive by 5.9% in the first quarter. National Pension Service now owns 81,489 shares of the specialty retailer’s stock worth $22,198,000 after buying an additional 4,516 shares during the last quarter. Bank of Montreal Can raised its position in shares of O’Reilly Automotive by 40.7% in the first quarter. Bank of Montreal Can now owns 220,967 shares of the specialty retailer’s stock worth $59,626,000 after buying an additional 63,886 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its position in shares of O’Reilly Automotive by 12.8% in the first quarter. Regentatlantic Capital LLC now owns 893 shares of the specialty retailer’s stock worth $241,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 197.22 on Friday. The firm has a market capitalization of $17.36 billion, a P/E ratio of 17.28 and a beta of 0.74. The company’s 50-day moving average is $197.62 and its 200-day moving average is $242.64. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $288.67.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its board has approved a share buyback program on Wednesday, May 10th that allows the company to buyback $1.00 billion in outstanding 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 a sign that the company’s board of directors believes its stock is undervalued.

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A number of research analysts have weighed in on the stock. Deutsche Bank AG lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and cut their price target for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada cut their price target on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, April 27th. Finally, Stephens set a $315.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. One equities research 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $242.80.

In other news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the sale, the senior vice president now directly 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 available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive 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 sale, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,080 shares of company stock worth $7,754,807 over 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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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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