Teachers Retirement System of The State of Kentucky lifted its holdings in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 519.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 61,300 shares of the specialty retailer’s stock after acquiring an additional 51,400 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of O'Reilly Automotive worth $14,745,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in O'Reilly Automotive during the 3rd quarter valued at about $100,000. Amica Retiree Medical Trust bought a new position in O'Reilly Automotive during the 3rd quarter valued at about $107,000. NuWave Investment Management LLC bought a new position in O'Reilly Automotive during the 4th quarter valued at about $122,000. Tower Research Capital LLC TRC lifted its holdings in O'Reilly Automotive by 58.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after purchasing an additional 240 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in O'Reilly Automotive during the 3rd quarter valued at about $141,000. 88.62% of the stock is owned by institutional investors.
In other news, Director John Raymond Murphy sold 400 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $245.17, for a total transaction of $98,068.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff M. Shaw sold 10,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $250.00, for a total transaction of $2,500,000.00. Following the sale, the insider now owns 34,285 shares of the company’s stock, valued at approximately $8,571,250. The disclosure for this sale can be found here. Insiders sold a total of 29,775 shares of company stock valued at $7,784,074 in the last 90 days. Corporate insiders own 3.12% of the company’s stock.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.59 EPS. equities research analysts forecast that O'Reilly Automotive Inc will post 15.44 earnings per share for the current fiscal year.
O'Reilly Automotive announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages recently issued reports on ORLY. BidaskClub raised shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of O'Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Robert W. Baird lifted their price target on shares of O'Reilly Automotive from $230.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Citigroup lifted their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Jefferies Group reissued a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $251.05.
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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