O’Reilly Automotive Inc (NASDAQ:ORLY) Stake Increased by First Trust Advisors LP Leave a comment

First Trust Advisors LP boosted its holdings in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 92.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,641 shares of the specialty retailer’s stock after purchasing an additional 40,695 shares during the period. First Trust Advisors LP owned about 0.11% of O’Reilly Automotive worth $29,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ORLY. BlackRock Inc. increased its holdings in shares of O’Reilly Automotive by 1.3% in the third quarter. BlackRock Inc. now owns 6,041,654 shares of the specialty retailer’s stock valued at $2,098,387,000 after purchasing an additional 75,454 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc. now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after purchasing an additional 30,192 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after purchasing an additional 30,192 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of O’Reilly Automotive by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock valued at $394,273,000 after purchasing an additional 62,889 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of O’Reilly Automotive by 8.7% in the third quarter. Frontier Capital Management Co. LLC now owns 510,345 shares of the specialty retailer’s stock valued at $177,253,000 after purchasing an additional 40,828 shares in the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.

A number of analysts have commented on the stock. BidaskClub lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Atlantic Securities lowered shares of O’Reilly Automotive from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $370.00 to $400.00 in a report on Friday, March 1st. Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Credit Suisse Group reaffirmed a “hold” rating and set a $318.00 target price on shares of O’Reilly Automotive in a report on Tuesday, February 5th. Finally, Zacks Investment Research lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $360.33.

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $374.37, for a total transaction of $18,718,500.00. Following the sale, the chairman now directly owns 65,922 shares of the company’s stock, valued at approximately $24,679,219.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brad W. Beckham sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $370.71, for a total transaction of $1,853,550.00. Following the sale, the executive vice president now directly owns 5,454 shares in the company, valued at $2,021,852.34. The disclosure for this sale can be found here. Insiders sold a total of 76,915 shares of company stock worth $28,949,149 over the last ninety days. 3.07% of the stock is currently owned by insiders.

Shares of NASDAQ ORLY opened at $365.51 on Wednesday. The firm has a market cap of $28.71 billion, a PE ratio of 22.70, a PEG ratio of 1.40 and a beta of 0.89. O’Reilly Automotive Inc has a twelve month low of $217.64 and a twelve month high of $394.42. The company has a current ratio of 0.91, a quick ratio of 0.09 and a debt-to-equity ratio of 9.66.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 earnings per share. As a group, equities analysts anticipate that O’Reilly Automotive Inc will post 17.79 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a stock repurchase program on Tuesday, November 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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About O’Reilly Automotive

O’Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, 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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