American International Group Inc. raised its stake in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 39,410 shares of the specialty retailer’s stock after buying an additional 2,016 shares during the period. American International Group Inc.’s holdings in O'Reilly Automotive were worth $9,480,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. APG Asset Management N.V. boosted its holdings in O'Reilly Automotive by 2.4% during the third quarter. APG Asset Management N.V. now owns 139,077 shares of the specialty retailer’s stock valued at $29,953,000 after purchasing an additional 3,200 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in O'Reilly Automotive during the third quarter valued at approximately $302,000. Aperio Group LLC boosted its holdings in O'Reilly Automotive by 10.1% during the third quarter. Aperio Group LLC now owns 44,101 shares of the specialty retailer’s stock valued at $9,498,000 after purchasing an additional 4,030 shares in the last quarter. Korea Investment CORP boosted its holdings in O'Reilly Automotive by 20.8% during the third quarter. Korea Investment CORP now owns 29,677 shares of the specialty retailer’s stock valued at $6,392,000 after purchasing an additional 5,100 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in O'Reilly Automotive by 45.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 41,500 shares of the specialty retailer’s stock valued at $8,938,000 after purchasing an additional 13,000 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.
O'Reilly Automotive Inc (ORLY) opened at $254.97 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.93 and a debt-to-equity ratio of 4.56. O'Reilly Automotive Inc has a 1 year low of $169.43 and a 1 year high of $279.23. The firm has a market cap of $21,490.00, a P/E ratio of 21.14, a P/E/G ratio of 1.03 and a beta of 0.90.
O'Reilly Automotive declared that its board has authorized a stock repurchase program on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 9,255 shares in the company, valued at approximately $2,174,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Mcfall sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $235.00, for a total transaction of $4,700,000.00. Following the completion of the transaction, the chief financial officer now owns 27,431 shares of the company’s stock, valued at approximately $6,446,285. The disclosure for this sale can be found here. Insiders sold a total of 85,815 shares of company stock valued at $20,863,019 in the last 90 days. 3.12% of the stock is currently owned by corporate insiders.
A number of research analysts have recently issued reports on ORLY shares. Moffett Nathanson started coverage on shares of O'Reilly Automotive in a research note on Monday, December 4th. They issued a “buy” rating for the company. Jefferies Group reiterated a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a research note on Friday, February 9th. Citigroup lifted their target price on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research note on Wednesday, December 27th. Finally, Stephens set a $300.00 target price on shares of O'Reilly Automotive and gave the company a “buy” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. O'Reilly Automotive has an average rating of “Buy” and a consensus 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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