Norinchukin Bank The increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 116.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,892 shares of the specialty retailer’s stock after acquiring an additional 6,936 shares during the quarter. Norinchukin Bank The’s holdings in O’Reilly Automotive were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in O’Reilly Automotive by 1.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 5 shares during the last quarter. Barrett Asset Management LLC grew its position in O’Reilly Automotive by 261.5% during the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 340 shares during the last quarter. Proficio Capital Partners LLC grew its position in O’Reilly Automotive by 23.1% during the 1st quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 93 shares during the last quarter. Global X Management Co. LLC grew its position in O’Reilly Automotive by 30.2% during the 1st quarter. Global X Management Co. LLC now owns 758 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 176 shares during the last quarter. Finally, South Texas Money Management Ltd. bought a new position in O’Reilly Automotive during the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 96.69% of the company’s stock.

Several equities analysts recently issued reports on the company. UBS AG lowered O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. Wedbush restated a “neutral” rating on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $200.00 to $195.00 in a research report on Thursday, July 6th. Finally, Bank of America Corporation lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $325.00 to $200.00 in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $245.30.

O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 0.55% on Thursday, hitting $206.87. The stock had a trading volume of 226,989 shares. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The firm has a market cap of $18.21 billion, a PE ratio of 18.12 and a beta of 0.76. The company has a 50-day moving average price of $199.55 and a 200 day moving average price of $231.61.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business posted $2.65 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. 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 of Directors has approved a stock repurchase plan on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the sale, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total value of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,120 shares of company stock valued at $3,687,235. Company insiders own 3.12% of the company’s stock.

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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.

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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