Stephens Inc. AR lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 40.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,390 shares of the specialty retailer’s stock after buying an additional 2,690 shares during the period. Stephens Inc. AR’s holdings in O’Reilly Automotive were worth $2,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rational Advisors LLC bought a new stake in shares of O’Reilly Automotive in the first quarter valued at about $688,000. Glenview Trust Co lifted its stake in shares of O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after buying an additional 5,536 shares during the period. First Trust Advisors LP lifted its stake in shares of O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock valued at $13,059,000 after buying an additional 4,292 shares during the period. Aberdeen Asset Management PLC UK lifted its stake in shares of O’Reilly Automotive by 8.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 19,708 shares of the specialty retailer’s stock valued at $5,318,000 after buying an additional 1,574 shares during the period. Finally, Brant Point Investment Management LLC lifted its stake in shares of O’Reilly Automotive by 18.5% in the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,450 shares during the period. Institutional investors and hedge funds own 96.69% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 208.01 on Thursday. The company has a market cap of $18.31 billion, a PE ratio of 18.22 and a beta of 0.76. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57. The stock has a 50 day moving average of $199.55 and a 200-day moving average of $231.61.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive announced that its Board of Directors has authorized a share buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

ORLY has been the subject of several research reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their target price for the company from $262.00 to $210.00 in a research note on Thursday, July 6th. Credit Suisse Group cut shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $262.00 to $195.00 in a research note on Thursday, July 6th. Bank of America Corporation reiterated a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Hold” and an average price target of $245.30.

In other news, Director Lawrence P. Oreilly sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the completion of the sale, the director now owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,120 shares of company stock valued at $3,687,235. 3.12% of the stock is currently owned by insiders.

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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.

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

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