Employees Retirement System of Texas maintained its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,600 shares of the specialty retailer’s stock at the close of the second quarter. Employees Retirement System of Texas’ holdings in O’Reilly Automotive were worth $3,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in O’Reilly Automotive by 9.1% during the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after acquiring an additional 520,626 shares in the last quarter. Vanguard Group Inc. grew its stake in O’Reilly Automotive by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after acquiring an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. grew its stake in O’Reilly Automotive by 66.8% during the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after acquiring an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC grew its stake in O’Reilly Automotive by 35.7% during the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after acquiring an additional 543,664 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in O’Reilly Automotive by 14.6% during the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after acquiring an additional 226,450 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

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Several equities analysts recently weighed in on ORLY shares. Bank of America Corporation reaffirmed a “buy” rating and set a $250.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and cut their target price for the company from $262.00 to $210.00 in a research note on Thursday, July 6th. Credit Suisse Group cut shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and cut their target price for the company from $262.00 to $195.00 in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada cut their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $242.21.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated 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 directly 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. In the last ninety days, insiders have sold 18,120 shares of company stock valued at $3,684,364. 3.12% of the stock is currently owned by insiders.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 212.94 on Friday. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $286.57. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 18.65 and a beta of 0.78. The company’s 50-day moving average is $204.68 and its 200-day moving average is $224.37.

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

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

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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