Pinkerton Retirement Specialists LLC acquired a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,425 shares of the specialty retailer’s stock, valued at approximately $1,589,000.
Several other hedge funds also recently modified their holdings of ORLY. NEXT Financial Group Inc acquired a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $100,000. Monetary Management Group Inc. lifted its holdings in O’Reilly Automotive by 16.3% during the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares in the last quarter. Barrett Asset Management LLC lifted its holdings in O’Reilly Automotive by 261.5% during the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after buying an additional 5 shares in the last quarter. Finally, Amica Retiree Medical Trust acquired a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $107,000. Hedge funds and other institutional investors own 88.56% of the company’s stock.
A number of equities research analysts have commented on ORLY shares. Moffett Nathanson started coverage on shares of O’Reilly Automotive in a research report on Monday. They issued a “buy” rating on the stock. Citigroup increased their price objective on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $220.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 27th. UBS reissued 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. Finally, Oppenheimer reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $243.48.
O’Reilly Automotive (NASDAQ:ORLY) last posted its 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. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $2.90 EPS. research analysts predict that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its Board of Directors has authorized a share buyback program on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $235.00, for a total value of $244,400.00. Following the transaction, the senior vice president now directly owns 9,255 shares of the company’s stock, valued at approximately $2,174,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott E. Kraus sold 8,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $237.84, for a total transaction of $2,021,640.00. Following the sale, the senior vice president now owns 4,959 shares of the company’s stock, valued at approximately $1,179,448.56. The disclosure for this sale can be found here. Insiders sold a total of 149,945 shares of company stock worth $33,756,392 over the last ninety days. Insiders own 3.12% of the company’s stock.
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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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