Bridgewater Associates LP acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,218 shares of the specialty retailer’s stock, valued at approximately $4,204,000.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings 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 purchasing an additional 5 shares in the last quarter. Barrett Asset Management LLC grew its holdings 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 purchasing an additional 340 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after purchasing an additional 93 shares in the last quarter. Global X Management Co. LLC grew its holdings 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 purchasing an additional 176 shares in the last quarter. Finally, South Texas Money Management Ltd. purchased a new position in shares of O’Reilly Automotive in the first quarter valued at $222,000. Hedge funds and other institutional investors own 96.69% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 0.007% during mid-day trading on Friday, hitting $207.145. The stock had a trading volume of 177,969 shares. The firm’s 50-day moving average price is $200.72 and its 200 day moving average price is $231.27. The company has a market cap of $18.23 billion, a PE ratio of 18.145 and a beta of 0.76. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.20. The business had revenue of $2.29 billion during 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%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 EPS. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive declared that its Board of Directors has approved a share repurchase plan on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

ORLY has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $302.00 target price on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Credit Suisse Group reissued a “buy” rating and issued a $262.00 target price on shares of O’Reilly Automotive in a report on Wednesday, June 14th. UBS AG reissued a “buy” rating and issued a $255.00 target price (down from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. Finally, Northcoast Research raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a report on Tuesday, July 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued 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 a consensus target price of $245.30.

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In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the transaction, the director now directly owns 72,562 shares in the company, valued at approximately $14,575,528.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.19, for a total value of $205,077.60. Following the transaction, the senior vice president now owns 9,238 shares of the company’s stock, valued at $1,821,641.22. The disclosure for this sale can be found here. Over 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.

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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