BlackRock Inc. increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,213,274 shares of the specialty retailer’s stock after acquiring an additional 520,626 shares during the period. BlackRock Inc. owned about 7.06% of O’Reilly Automotive worth $1,359,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. First Trust Advisors LP boosted its position in shares of O’Reilly Automotive by 9.7% during the 1st quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock worth $13,059,000 after acquiring an additional 4,292 shares in the last quarter. Allegis Investment Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $534,000. Karp Capital Management Corp acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $11,567,000. Sei Investments Co. boosted its position in shares of O’Reilly Automotive by 21.0% during the 1st quarter. Sei Investments Co. now owns 140,332 shares of the specialty retailer’s stock worth $37,868,000 after acquiring an additional 24,335 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of O’Reilly Automotive by 15.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,845 shares of the specialty retailer’s stock worth $945,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.

Several analysts recently issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group set a $195.00 price target on shares of O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, July 27th. 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 issued a strong buy rating to the stock. O’Reilly Automotive presently has a consensus rating of “Hold” and a consensus target price of $245.30.

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O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 209.86 on Friday. The company has a market cap of $18.47 billion, a P/E ratio of 18.38 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’s 50 day moving average is $200.96 and its 200 day moving average is $230.85.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS 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 business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the company earned $2.65 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has initiated a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total value of $212,617.60. Following the completion of the sale, the senior vice president now owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now directly owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,687,235 in the last ninety days. 3.12% of the stock is owned by corporate insiders.

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.

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

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