Retirement Systems of Alabama cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 44,124 shares of the specialty retailer’s stock after selling 173 shares during the period. Retirement Systems of Alabama’s holdings in O’Reilly Automotive were worth $9,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nikko Asset Management Americas Inc. acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust increased 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 valued at $112,000 after buying an additional 5 shares during the last quarter. Proficio Capital Partners LLC increased 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 valued at $119,000 after buying an additional 93 shares during the last quarter. FTB Advisors Inc. increased 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 valued at $124,000 after buying an additional 263 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $177,000. 95.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 198.91 on Friday. The company has a market cap of $17.51 billion, a PE ratio of 17.42 and a beta of 0.74. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $288.67. The firm’s 50 day moving average is $197.02 and its 200 day moving average is $242.17.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.20. The company 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%. O’Reilly Automotive’s 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 earnings per share. On average, equities analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive declared that its board has initiated a stock repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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Several research analysts have recently commented on the company. Barclays PLC set a $234.00 target price on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, April 27th. UBS AG downgraded O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Royal Bank Of Canada reduced their price objective on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $242.80.

In related news, Chairman David E. Oreilly sold 25,000 shares of the business’s 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 transaction, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,080 shares of company stock worth $7,754,807. 3.12% of the stock is owned by company insiders.

About O’Reilly Automotive

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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