Larry Lee Ellis Sells 900 Shares of O’Reilly Automotive, Inc. (ORLY) Stock
O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Larry Lee Ellis sold 900 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $215.27, for a total transaction of $193,743.00. Following the completion of the sale, the senior vice president now directly owns 1,256 shares of the company’s stock, valued at $270,379.12. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down $0.12 during mid-day trading on Thursday, hitting $215.77. 588,400 shares of the company were exchanged, compared to its average volume of 1,325,851. The stock has a market cap of $18,356.63, a PE ratio of 18.76, a P/E/G ratio of 1.27 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, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company posted $2.90 EPS. O’Reilly Automotive’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has initiated a stock buyback program on Friday, September 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. JPMorgan Chase & Co. lifted its stake in O’Reilly Automotive by 66.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares in the last quarter. Principal Financial Group Inc. lifted its stake in O’Reilly Automotive by 45.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock worth $556,331,000 after purchasing an additional 809,647 shares in the last quarter. Polen Capital Management LLC lifted its stake in O’Reilly Automotive by 29.4% in the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock worth $575,581,000 after purchasing an additional 607,076 shares in the last quarter. BlackRock Inc. lifted its stake in O’Reilly Automotive by 9.1% in the 2nd quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after purchasing an additional 520,626 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in O’Reilly Automotive by 69.7% in the 2nd quarter. Renaissance Technologies LLC now owns 861,994 shares of the specialty retailer’s stock worth $188,553,000 after purchasing an additional 354,094 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
A number of equities research analysts have issued reports on the stock. UBS AG reaffirmed a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. Credit Suisse Group set a $193.00 price objective on shares of O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Oppenheimer Holdings, Inc. reduced their target price on shares of O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, July 20th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $190.00 target price (down from $272.00) on shares of O’Reilly Automotive in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $243.48.
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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