Canada Pension Plan Investment Board boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 226.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,769 shares of the specialty retailer’s stock after acquiring an additional 36,596 shares during the period. Canada Pension Plan Investment Board owned 0.06% of O’Reilly Automotive worth $11,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLY. JPMorgan Chase & Co. lifted its position in O’Reilly Automotive by 66.8% during the 2nd 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 during the period. Polen Capital Management LLC lifted its position in O’Reilly Automotive by 35.7% during the 2nd 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 during the period. BlackRock Inc. lifted its position in O’Reilly Automotive by 9.1% during the 2nd 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 during the period. Renaissance Technologies LLC lifted its position in O’Reilly Automotive by 69.7% during the 2nd quarter. Renaissance Technologies LLC now owns 861,994 shares of the specialty retailer’s stock valued at $188,553,000 after acquiring an additional 354,094 shares during the period. Finally, BT Investment Management Ltd purchased a new position in O’Reilly Automotive during the 2nd quarter valued at about $66,543,000. 96.67% of the stock is owned by institutional investors.

In related news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.19, 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 $1,821,641.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold 14,620 shares of company stock valued at $2,959,471 over the last 90 days. 3.12% of the stock is currently owned by company insiders.

ORLY has been the subject of a number of recent research reports. Northcoast Research raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reduced their price objective on shares of O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, July 20th. Deutsche Bank AG restated a “hold” rating and set a $190.00 price objective (down from $272.00) on shares of O’Reilly Automotive in a research note on Friday, July 21st. UBS AG restated a “buy” rating and set a $230.00 price objective (down from $255.00) on shares of O’Reilly Automotive in a research note on Tuesday, July 25th. Finally, Wedbush restated a “neutral” rating and set a $195.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $243.48.

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Shares of O’Reilly Automotive, Inc. (ORLY) opened at $214.43 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57. The company has a market cap of $17,948.50, a P/E ratio of 18.34, a PEG ratio of 1.25 and a beta of 0.80. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.07. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.90 earnings per share. research analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

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

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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