Rhumbline Advisers reduced its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,771 shares of the specialty retailer’s stock after selling 4,270 shares during the period. Rhumbline Advisers’ holdings in O’Reilly Automotive were worth $40,417,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. BTIM Corp. raised its position in shares of O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in O’Reilly Automotive by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,519 shares of the specialty retailer’s stock valued at $636,000 after buying an additional 56 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in O’Reilly Automotive by 20.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 6,197 shares of the specialty retailer’s stock valued at $1,672,000 after buying an additional 1,034 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in O’Reilly Automotive by 4.9% in the first quarter. Hermes Investment Management Ltd. now owns 176,234 shares of the specialty retailer’s stock valued at $47,555,000 after buying an additional 8,260 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in O’Reilly Automotive during the first quarter valued at approximately $177,000. Institutional investors and hedge funds own 95.61% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 198.91 on Friday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $288.67. The stock’s 50 day moving average price is $197.02 and its 200-day moving average price is $242.17. 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 (NASDAQ:ORLY) last announced its earnings results 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 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%. O’Reilly Automotive’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Analysts expect that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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Several equities research analysts have commented on ORLY shares. Deutsche Bank AG cut O’Reilly Automotive from a “buy” rating to a “hold” rating and cut their target price for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada cut their target price on 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 target price on 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 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, April 27th. Finally, Stephens set a $315.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target 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 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 $1,887,390.08. The sale was disclosed in a filing 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 stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the sale, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,080 shares of company stock worth $7,754,807. 3.12% of the stock is owned by 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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