CIBC World Markets Inc. trimmed its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 88.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,391 shares of the specialty retailer’s stock after selling 10,287 shares during the period. CIBC World Markets Inc.’s holdings in O’Reilly Automotive were worth $304,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. State of Wisconsin Investment Board grew its stake in O’Reilly Automotive by 17.8% in the 1st quarter. State of Wisconsin Investment Board now owns 217,436 shares of the specialty retailer’s stock worth $58,673,000 after acquiring an additional 32,813 shares in the last quarter. Intellectus Partners LLC grew its stake in O’Reilly Automotive by 1.1% in the 1st quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 19 shares in the last quarter. Tandem Investment Advisors Inc. grew its stake in O’Reilly Automotive by 18.8% in the 1st quarter. Tandem Investment Advisors Inc. now owns 4,135 shares of the specialty retailer’s stock worth $1,116,000 after acquiring an additional 654 shares in the last quarter. Stevens Capital Management LP bought a new position in O’Reilly Automotive in the 1st quarter worth about $2,828,000. Finally, Twin Capital Management Inc. grew its stake in O’Reilly Automotive by 0.7% in the 1st quarter. Twin Capital Management Inc. now owns 8,250 shares of the specialty retailer’s stock worth $2,226,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,000 shares of the business’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 transaction, the director now owns 142,754 shares in the company, valued at approximately $28,179,639.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 9,238 shares of the company’s stock, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock valued at $3,687,235 in the last quarter. 3.12% of the stock is currently owned by company insiders.

A number of equities analysts have commented on ORLY shares. Bank of America Corporation restated a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $262.00 to $210.00 in a research note on Thursday, July 6th. Credit Suisse Group downgraded shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $262.00 to $195.00 in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada dropped their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $245.30.

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Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 202.26 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company’s 50-day moving average is $201.21 and its 200-day moving average is $229.32. The stock has a market cap of $17.80 billion, a PE ratio of 17.72 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping the 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 company 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 business posted $2.65 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

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

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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