Mar Vista Investment Partners LLC lowered its stake in O'Reilly Automotive Inc (NASDAQ:ORLY) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,313 shares of the specialty retailer’s stock after selling 1,467 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in O'Reilly Automotive were worth $25,332,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLY. Macquarie Group Ltd. lifted its position in O'Reilly Automotive by 6.7% in the second quarter. Macquarie Group Ltd. now owns 37,300 shares of the specialty retailer’s stock valued at $8,160,000 after buying an additional 2,350 shares during the last quarter. Janus Henderson Group PLC lifted its position in O'Reilly Automotive by 60.1% in the second quarter. Janus Henderson Group PLC now owns 233,089 shares of the specialty retailer’s stock valued at $50,986,000 after buying an additional 87,505 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in O'Reilly Automotive in the second quarter valued at about $656,000. Nomura Holdings Inc. acquired a new position in O'Reilly Automotive in the second quarter valued at about $2,562,000. Finally, Westwood Holdings Group Inc. acquired a new position in O'Reilly Automotive in the second quarter valued at about $168,000. 88.21% of the stock is currently owned by institutional investors.
ORLY has been the topic of several research reports. Jefferies Group reissued a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a research report on Friday. Robert W. Baird increased their price target on shares of O'Reilly Automotive from $230.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup increased their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a research report on Friday. Credit Suisse Group increased their price target on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a research report on Thursday. They noted that the move was a valuation call. Finally, BidaskClub raised shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. O'Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $251.05.
Shares of O'Reilly Automotive Inc (NASDAQ ORLY) opened at $249.83 on Friday. The firm has a market cap of $21,061.17, a P/E ratio of 19.72, a P/E/G ratio of 1.08 and a beta of 0.90. O'Reilly Automotive Inc has a 1-year low of $169.43 and a 1-year high of $279.23. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.56.
O'Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion for 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 firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 earnings per share. equities analysts forecast that O'Reilly Automotive Inc will post 15.54 EPS for the current year.
O'Reilly Automotive announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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