Commerce Bank reduced its position in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,095 shares of the specialty retailer’s stock after selling 778 shares during the quarter. Commerce Bank’s holdings in O'Reilly Automotive were worth $5,796,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ORLY. NEXT Financial Group Inc bought a new position in O'Reilly Automotive during the 3rd quarter valued at $100,000. Amica Retiree Medical Trust bought a new position in O'Reilly Automotive during the 3rd quarter valued at $107,000. NuWave Investment Management LLC bought a new position in O'Reilly Automotive during the 4th quarter valued at $122,000. Fieldpoint Private Securities LLC bought a new position in O'Reilly Automotive during the 3rd quarter valued at $141,000. Finally, Capital Guardian Trust Co. bought a new position in O'Reilly Automotive during the 3rd quarter valued at $157,000. 91.08% of the stock is owned by hedge funds and other institutional investors.
ORLY has been the subject of a number of research reports. Zacks Investment Research raised O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research note on Wednesday, December 27th. Royal Bank of Canada raised O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 13th. BidaskClub lowered O'Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Credit Suisse Group set a $241.00 price target on O'Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price target (up from $195.00) on shares of O'Reilly Automotive in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. O'Reilly Automotive has an average rating of “Buy” and a consensus target price of $251.05.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.12. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.59 EPS. research analysts anticipate 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 approved a stock buyback program on Wednesday, February 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $235.00, for a total value of $244,400.00. Following the completion of the sale, the senior vice president now owns 9,255 shares of the company’s stock, valued at $2,174,925. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott E. Kraus sold 8,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was 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 directly 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. In the last ninety days, insiders sold 39,315 shares of company stock valued at $10,050,114. 3.12% of the stock is currently owned by insiders.
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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