O’Reilly Automotive, Inc. (ORLY) Stake Increased by Eaton Vance Management

Eaton Vance Management lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,021 shares of the specialty retailer’s stock after acquiring an additional 2,633 shares during the quarter. Eaton Vance Management’s holdings in O’Reilly Automotive were worth $5,254,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of O’Reilly Automotive by 1.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 5 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 5 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in shares of O’Reilly Automotive by 1.3% during the 1st quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after acquiring an additional 11 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of O’Reilly Automotive by 1.1% during the 1st quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 19 shares in the last quarter. Finally, Miles Capital Inc. boosted its stake in shares of O’Reilly Automotive by 2.5% during the 1st quarter. Miles Capital Inc. now owns 1,088 shares of the specialty retailer’s stock worth $294,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 96.69% of the company’s stock.

In related news, Director Lawrence P. Oreilly sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total value of $987,000.00. Following the sale, the director now owns 142,754 shares of the company’s stock, valued at $28,179,639.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the sale, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders have sold 18,120 shares of company stock valued at $3,687,235 over the last quarter. Company insiders own 3.12% of the company’s stock.

Several analysts have recently issued reports on ORLY shares. Wedbush reiterated a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub downgraded O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Royal Bank Of Canada decreased their price target on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $262.00 to $210.00 in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $245.30.

ILLEGAL ACTIVITY WARNING: “O’Reilly Automotive, Inc. (ORLY) Stake Increased by Eaton Vance Management” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/16/oreilly-automotive-inc-orly-stake-increased-by-eaton-vance-management.html.

O’Reilly Automotive, Inc. (ORLY) opened at 209.86 on Friday. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 18.38 and a beta of 0.76. The firm has a 50-day moving average price of $200.96 and a 200-day moving average price of $230.85. 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 announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 earnings per share. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has authorized a stock repurchase program on Friday, September 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply