State of Wisconsin Investment Board decreased its stake in O'Reilly Automotive Inc (NASDAQ:ORLY) by 38.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 150,826 shares of the specialty retailer’s stock after selling 95,656 shares during the period. State of Wisconsin Investment Board’s holdings in O'Reilly Automotive were worth $36,280,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ORLY. Principal Financial Group Inc. boosted its stake in O'Reilly Automotive by 45.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after buying an additional 809,647 shares in the last quarter. Polen Capital Management LLC boosted its stake in O'Reilly Automotive by 29.4% in the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock valued at $575,581,000 after buying an additional 607,076 shares in the last quarter. HL Financial Services LLC boosted its stake in O'Reilly Automotive by 17,380.0% in the 3rd quarter. HL Financial Services LLC now owns 350,473 shares of the specialty retailer’s stock valued at $75,481,000 after buying an additional 348,468 shares in the last quarter. Madison Investment Holdings Inc. acquired a new stake in O'Reilly Automotive in the 3rd quarter valued at $50,930,000. Finally, Marshfield Associates acquired a new stake in O'Reilly Automotive in the 3rd quarter valued at $50,729,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on ORLY. BidaskClub lowered O'Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird boosted their price target on O'Reilly Automotive from $230.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Jefferies Group reissued a “buy” rating and issued a $297.00 price objective on shares of O'Reilly Automotive in a research note on Friday, February 9th. Citigroup boosted their price objective on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Credit Suisse Group boosted their price objective on O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. O'Reilly Automotive presently has an average rating of “Buy” and an average target price of $251.05.
Shares of O'Reilly Automotive Inc (ORLY) opened at $251.10 on Friday. The firm has a market capitalization of $21,168.23, a price-to-earnings ratio of 19.82, a PEG ratio of 1.02 and a beta of 0.90. O'Reilly Automotive Inc has a 52-week low of $169.43 and a 52-week high of $279.23. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93.
O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.12. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.59 earnings per share. research analysts forecast that O'Reilly Automotive Inc will post 15.44 EPS for the current year.
O'Reilly Automotive announced that its board has authorized a share repurchase program on Wednesday, February 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
O'Reilly Automotive 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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