Glenmede Trust Co. NA Acquires 1,767 Shares of O'Reilly Automotive Inc (ORLY)

Glenmede Trust Co. NA boosted its holdings in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,133 shares of the specialty retailer’s stock after purchasing an additional 1,767 shares during the quarter. Glenmede Trust Co. NA’s holdings in O'Reilly Automotive were worth $3,639,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ORLY. Amica Retiree Medical Trust bought a new position in O'Reilly Automotive during the third quarter valued at $107,000. NuWave Investment Management LLC bought a new position in O'Reilly Automotive during the fourth quarter valued at $122,000. Tower Research Capital LLC TRC increased its position in O'Reilly Automotive by 58.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after acquiring an additional 240 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in O'Reilly Automotive during the third quarter valued at $141,000. Finally, Capital Guardian Trust Co. bought a new position in O'Reilly Automotive during the third quarter valued at $157,000. 88.61% of the stock is currently owned by institutional investors.

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In related news, Director Paul R. Lederer sold 1,835 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.14, for a total value of $459,006.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Lee Ellis sold 1,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $250.67, for a total transaction of $376,005.00. Following the completion of the sale, the senior vice president now directly owns 1,856 shares of the company’s stock, valued at $465,243.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,775 shares of company stock worth $7,784,074. Company insiders own 3.12% of the company’s stock.

A number of research analysts have weighed in on ORLY shares. Stephens set a $300.00 price objective on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group boosted their price objective on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. They noted that the move was a valuation call. Zacks Investment Research cut shares of O'Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BidaskClub upgraded shares of O'Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Jefferies Group reiterated a “buy” rating and set a $297.00 price objective on shares of O'Reilly Automotive in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $251.05.

O'Reilly Automotive stock opened at $239.44 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.93 and a debt-to-equity ratio of 4.56. The company has a market cap of $20,178.07, a PE ratio of 18.90, a PEG ratio of 0.98 and a beta of 0.95. O'Reilly Automotive Inc has a 1-year low of $169.43 and a 1-year high of $279.23.

O'Reilly Automotive (NASDAQ:ORLY) last posted 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. 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 business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 earnings per share. research analysts predict that O'Reilly Automotive Inc will post 15.45 EPS for the current year.

O'Reilly Automotive announced that its board has authorized a share 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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About O'Reilly Automotive

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.

Institutional Ownership by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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