K2 Principal Fund L.P. lowered its holdings in O'Reilly Automotive Inc (NASDAQ:ORLY) by 85.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,383 shares of the specialty retailer’s stock after selling 8,000 shares during the quarter. K2 Principal Fund L.P.’s holdings in O'Reilly Automotive were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of ORLY. NEXT Financial Group Inc bought a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $100,000. Amica Retiree Medical Trust bought a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $107,000. NuWave Investment Management LLC bought a new stake in O'Reilly Automotive during the 4th quarter worth approximately $122,000. Fieldpoint Private Securities LLC bought a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $141,000. Finally, Capital Guardian Trust Co. bought a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $157,000. 91.08% of the stock is currently owned by institutional investors.
In other news, SVP Scott E. Kraus sold 8,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $237.84, for a total value of $2,021,640.00. Following the completion of the sale, the senior vice president now owns 4,959 shares of the company’s stock, valued at approximately $1,179,448.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Raymond Murphy sold 400 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $245.17, for a total transaction of $98,068.00. The disclosure for this sale can be found here. Insiders sold a total of 39,315 shares of company stock valued at $10,050,114 in the last ninety days. 3.12% of the stock is owned by corporate insiders.
O'Reilly Automotive Inc (NASDAQ ORLY) opened at $238.58 on Wednesday. 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 12 month low of $169.43 and a 12 month high of $279.23. The company has a market cap of $21,494.53, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.90.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $2.59 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. sell-side analysts expect that O'Reilly Automotive Inc will post 15.44 earnings per share for the current year.
O'Reilly Automotive announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
ILLEGAL ACTIVITY WARNING: “K2 Principal Fund L.P. Lowers Stake in O'Reilly Automotive Inc (ORLY)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/3228217/k2-principal-fund-l-p-lowers-stake-in-oreilly-automotive-inc-orly.html.
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.
Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive Inc (NASDAQ:ORLY).
Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.