Nationwide Fund Advisors lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 37.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,911 shares of the specialty retailer’s stock after selling 80,378 shares during the quarter. Nationwide Fund Advisors owned approximately 0.15% of O’Reilly Automotive worth $29,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tiverton Asset Management LLC grew its stake in shares of O’Reilly Automotive by 8.3% during the second quarter. Tiverton Asset Management LLC now owns 70,448 shares of the specialty retailer’s stock worth $15,410,000 after buying an additional 5,400 shares during the last quarter. Norinchukin Bank The grew its stake in shares of O’Reilly Automotive by 116.5% during the second quarter. Norinchukin Bank The now owns 12,892 shares of the specialty retailer’s stock worth $2,820,000 after buying an additional 6,936 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of O’Reilly Automotive during the second quarter worth $4,204,000. Icon Advisers Inc. Co. grew its stake in shares of O’Reilly Automotive by 133.1% during the second quarter. Icon Advisers Inc. Co. now owns 27,500 shares of the specialty retailer’s stock worth $6,015,000 after buying an additional 15,700 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of O’Reilly Automotive during the second quarter worth $678,000. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 1.32% during trading on Friday, reaching $209.86. 1,968,747 shares of the company traded hands. The firm’s 50 day moving average price is $200.96 and its 200 day moving average price is $230.85. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $286.57. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 18.38 and a beta of 0.76.

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 analysts’ consensus estimates 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 net margin of 12.23% and a return on equity of 72.22%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.65 EPS. Equities research 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 has approved a stock buyback program on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

A number of analysts have weighed in on the stock. Wedbush cut shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $310.00 to $260.00 in a research note on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $302.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $262.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, June 14th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note 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 investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $245.30.

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total value of $987,000.00. Following 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 available through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.19, for a total transaction of $205,077.60. Following the completion of the sale, the senior vice president now directly owns 9,238 shares in the company, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. In the last three months, insiders sold 18,120 shares of company stock worth $3,687,235. 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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