Commerce Bank raised its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,730 shares of the specialty retailer’s stock after purchasing an additional 341 shares during the period. Commerce Bank’s holdings in O’Reilly Automotive were worth $6,542,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cedar Wealth Management LLC bought a new position in O’Reilly Automotive during the fourth quarter valued at $25,000. Penserra Capital Management LLC grew its holdings in O’Reilly Automotive by 86.7% during the fourth quarter. Penserra Capital Management LLC now owns 84 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 39 shares during the period. Ellevest Inc. boosted its holdings in shares of O’Reilly Automotive by 100.0% in the first quarter. Ellevest Inc. now owns 88 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 44 shares during the period. Great Diamond Partners LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter worth $42,000. Finally, Evolution Wealth Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter worth $43,000. 81.07% of the stock is owned by institutional investors and hedge funds.
ORLY opened at $404.99 on Friday. The company has a market cap of $30.01 billion, a P/E ratio of 22.74, a P/E/G ratio of 1.88 and a beta of 1.05. The business’s 50-day moving average price is $370.53 and its 200-day moving average price is $398.41. The company has a current ratio of 0.91, a quick ratio of 0.14 and a debt-to-equity ratio of 56.35. O’Reilly Automotive Inc has a 12 month low of $251.51 and a 12 month high of $454.31.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 22nd. The specialty retailer reported $3.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.11. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. O’Reilly Automotive had a return on equity of 670.84% and a net margin of 13.41%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.05 earnings per share. Equities research analysts forecast that O’Reilly Automotive Inc will post 16.26 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its board has initiated a stock buyback program on Wednesday, February 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
ORLY has been the subject of a number of analyst reports. UBS Group lowered O’Reilly Automotive to a “hold” rating in a report on Tuesday, April 21st. Nomura Instinet raised their price target on O’Reilly Automotive from $372.00 to $390.00 and gave the stock a “neutral” rating in a report on Wednesday. Wolfe Research lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 25th. JPMorgan Chase & Co. lowered O’Reilly Automotive from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $490.00 to $415.00 in a report on Friday, January 31st. Finally, Nomura raised their price target on O’Reilly Automotive from $372.00 to $390.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $401.79.
In related news, SVP Jason Lee Tarrant sold 9,166 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $376.17, for a total value of $3,447,974.22. Following the sale, the senior vice president now directly owns 1,478 shares of the company’s stock, valued at $555,979.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory D. Johnson sold 3,374 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the sale, the chief executive officer now directly owns 7,734 shares in the company, valued at $3,095,920.20. The disclosure for this sale can be found here. 2.43% of the stock is currently owned by insiders.
O’Reilly Automotive Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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