Riverhead Capital Management LLC cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 28.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,193 shares of the specialty retailer’s stock after selling 5,537 shares during the quarter. Riverhead Capital Management LLC’s holdings in O’Reilly Automotive were worth $3,105,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ORLY. BlackRock Inc. increased its stake in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after buying an additional 1,251,237 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares in the last quarter. Polen Capital Management LLC increased its stake in shares of O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after buying an additional 543,664 shares in the last quarter. Finally, Vontobel Asset Management Inc. acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at $119,025,000. Institutional investors own 96.69% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 199.89 on Wednesday. The company has a 50-day moving average price of $199.13 and a 200-day moving average price of $232.12. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 17.51 and a beta of 0.76. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the 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 return on equity of 72.22% and a net margin of 12.23%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 earnings per share. Analysts forecast that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has initiated a stock repurchase program on Friday, September 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the transaction, the senior vice president now owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,120 shares of company stock worth $3,687,235. Corporate insiders own 3.12% of the company’s stock.

ORLY has been the subject of a number of research reports. J P Morgan Chase & Co restated a “neutral” rating and issued a $210.00 target price (down from $295.00) on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $200.00 to $195.00 in a research note on Thursday, July 6th. BidaskClub cut 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 reiterated a “buy” rating and issued a $230.00 price target (down previously from $255.00) on shares of O’Reilly Automotive in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $245.30.

O’Reilly Automotive 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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