Bank of Nova Scotia reduced its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,506 shares of the specialty retailer’s stock after selling 3,974 shares during the period. Bank of Nova Scotia’s holdings in O’Reilly Automotive were worth $8,772,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after buying an additional 21,454 shares during the last quarter. BlackRock Inc. raised its stake in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares in the last quarter. American Century Companies Inc. raised its stake in shares of O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position 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 buying an additional 9,846 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.
O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 0.64% during midday trading on Friday, reaching $200.03. The company had a trading volume of 1,452,730 shares. The stock has a 50-day moving average price of $204.38 and a 200 day moving average price of $247.19. The company has a market capitalization of $17.60 billion, a PE ratio of 17.52 and a beta of 0.76. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $291.91.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the business posted $2.65 earnings per share. O’Reilly Automotive’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that O’Reilly Automotive, Inc. will post $11.76 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
ORLY has been the topic of a number of recent analyst reports. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $262.00 to $210.00 in a research report on Thursday, July 6th. Stephens set a $315.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Atlantic Securities upgraded O’Reilly Automotive to an “overweight” rating and set a $307.00 price objective on the stock in a research report on Friday, April 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $245.54.
In other O’Reilly Automotive news, Director John Raymond Murphy sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total value of $148,062.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders sold 26,640 shares of company stock valued at $6,639,552 over the last 90 days. 3.12% of the stock is currently owned by company insiders.
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.
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