Aberdeen Asset Management PLC UK raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,151 shares of the specialty retailer’s stock after buying an additional 443 shares during the period. Aberdeen Asset Management PLC UK’s holdings in O’Reilly Automotive were worth $4,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ORLY. BlackRock Inc. lifted its stake in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after buying an additional 1,251,237 shares in the last quarter. Waddell & Reed Financial Inc. lifted its stake in shares of O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares in the last quarter. Vontobel Asset Management Inc. bought a new position in shares of O’Reilly Automotive in the second quarter valued at $119,025,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock valued at $222,811,000 after buying an additional 445,609 shares in the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 209.86 on Friday. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 18.38 and a beta of 0.76. The firm has a 50-day moving average of $200.96 and a 200 day moving average of $230.85. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 EPS. On average, analysts expect that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has authorized a stock buyback program on Friday, September 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

A number of research analysts have weighed in on the stock. Wedbush lowered shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $310.00 to $260.00 in a research note on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $262.00 price objective 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 reaffirmed a “neutral” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, June 20th. One 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 company presently has an average rating of “Hold” and a consensus price target of $245.30.

In other news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now owns 9,224 shares in the company, valued at approximately $2,017,657.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 77,562 shares in the company, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock worth $3,687,235 in the last 90 days. 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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