California State Teachers Retirement System trimmed its position in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,748 shares of the specialty retailer’s stock after selling 23,402 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of O'Reilly Automotive worth $36,037,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ORLY. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of O'Reilly Automotive by 172.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,040 shares of the specialty retailer’s stock worth $550,000 after acquiring an additional 1,290 shares during the period. Van ECK Associates Corp lifted its stake in shares of O'Reilly Automotive by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,877 shares of the specialty retailer’s stock worth $506,000 after acquiring an additional 120 shares during the period. Principal Financial Group Inc. lifted its stake in shares of O'Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock worth $417,454,000 after acquiring an additional 9,846 shares during the period. Wellington Management Group LLP lifted its stake in shares of O'Reilly Automotive by 19.5% in the first quarter. Wellington Management Group LLP now owns 956,591 shares of the specialty retailer’s stock worth $258,127,000 after acquiring an additional 156,096 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of O'Reilly Automotive by 1.4% in the first quarter. Teachers Advisors LLC now owns 180,518 shares of the specialty retailer’s stock worth $48,711,000 after acquiring an additional 2,431 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Director Lawrence P. Oreilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.40, for a total value of $987,000.00. Following the completion of the transaction, the director now owns 142,754 shares in the company, valued at approximately $28,179,639.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,120 shares of company stock valued at $3,684,364. 3.12% of the stock is currently owned by company insiders.
Shares of O'Reilly Automotive Inc (NASDAQ ORLY) traded up 0.50% during midday trading on Friday, reaching $208.04. The company’s stock had a trading volume of 133,972 shares. The company’s 50-day moving average price is $205.94 and its 200 day moving average price is $222.57. The company has a market capitalization of $18.31 billion, a P/E ratio of 18.22 and a beta of 0.78. O'Reilly Automotive Inc has a 12-month low of $169.43 and a 12-month high of $286.57.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.20. O'Reilly Automotive had a return on equity of 98.99% and a net margin of 12.35%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the business posted $2.65 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that O'Reilly Automotive Inc will post $11.87 earnings per share for the current year.
O'Reilly Automotive declared that its board has approved a share buyback plan on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts recently commented on ORLY shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $250.00 price objective on shares of O'Reilly Automotive in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O'Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised O'Reilly Automotive from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $262.00 to $210.00 in a research note on Thursday, July 6th. Credit Suisse Group lowered O'Reilly Automotive from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $262.00 to $195.00 in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada cut their price objective on O'Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $242.21.
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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