Carillon Tower Advisers Inc. increased its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 108.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,125 shares of the specialty retailer’s stock after buying an additional 29,750 shares during the period. Carillon Tower Advisers Inc. owned 0.07% of O’Reilly Automotive worth $19,841,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. D.A. Davidson & CO. increased its holdings in O’Reilly Automotive by 13.8% during the third quarter. D.A. Davidson & CO. now owns 15,378 shares of the specialty retailer’s stock worth $5,341,000 after buying an additional 1,864 shares during the last quarter. Freestone Capital Holdings LLC acquired a new position in O’Reilly Automotive during the third quarter worth $222,000. Pinnacle Associates Ltd. acquired a new position in O’Reilly Automotive during the third quarter worth $222,000. Credit Suisse AG increased its holdings in O’Reilly Automotive by 30.7% during the third quarter. Credit Suisse AG now owns 116,615 shares of the specialty retailer’s stock worth $40,502,000 after buying an additional 27,363 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in O’Reilly Automotive by 92.2% during the third quarter. Trexquant Investment LP now owns 17,104 shares of the specialty retailer’s stock worth $5,941,000 after buying an additional 8,205 shares during the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.
NASDAQ:ORLY opened at $354.85 on Friday. O’Reilly Automotive Inc has a one year low of $217.64 and a one year high of $363.20. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 1.40 and a beta of 1.07. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.49 billion. On average, analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its board has approved a stock buyback plan on Tuesday, November 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, SVP Jeffrey Alan Lauro sold 12,526 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $351.06, for a total value of $4,397,377.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.12% of the company’s stock.
Several equities analysts have commented on ORLY shares. BidaskClub downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, October 26th. Wells Fargo & Co reiterated a “buy” rating and issued a $345.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, August 7th. ValuEngine upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Jefferies Financial Group upped their price objective on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price objective on the stock in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $344.25.
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O’Reilly Automotive Company Profile
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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