Tiverton Asset Management LLC lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,448 shares of the specialty retailer’s stock after acquiring an additional 5,400 shares during the quarter. Tiverton Asset Management LLC owned approximately 0.08% of O’Reilly Automotive worth $15,410,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barrett Asset Management LLC increased its position in shares of O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 340 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 5 shares during the last quarter. 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 acquiring an additional 5 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of O’Reilly Automotive by 13.0% in the second quarter. Penserra Capital Management LLC now owns 832 shares of the specialty retailer’s stock valued at $181,000 after acquiring an additional 96 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of O’Reilly Automotive by 30.2% in the first quarter. Global X Management Co. LLC now owns 758 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 176 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) remained flat at $208.00 during midday trading on Thursday. The company had a trading volume of 314,448 shares. The stock has a 50 day moving average of $199.55 and a 200-day moving average of $231.61. The stock has a market cap of $18.31 billion, a P/E ratio of 18.22 and a beta of 0.76. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion during 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%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. On average, equities analysts expect 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 initiated a stock buyback program on Friday, September 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Lawrence P. Oreilly sold 5,000 shares of the firm’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 in the company, valued at approximately $28,179,639.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’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 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 90 days, insiders have sold 18,120 shares of company stock valued at $3,687,235. 3.12% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on ORLY. Wedbush downgraded O’Reilly Automotive from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $310.00 to $260.00 in a research report on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $302.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $262.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Thursday, June 8th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $245.30.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/14/tiverton-asset-management-llc-buys-5400-shares-of-oreilly-automotive-inc-orly.html.

O’Reilly Automotive Company 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.