Raymond James Financial Services Advisors Inc. lowered its stake in O'Reilly Automotive Inc (NASDAQ:ORLY) by 60.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,152 shares of the specialty retailer’s stock after selling 69,222 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in O'Reilly Automotive were worth $11,101,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ORLY. Principal Financial Group Inc. lifted 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 worth $556,331,000 after purchasing an additional 809,647 shares in the last quarter. Polen Capital Management LLC raised its position in shares of O'Reilly Automotive by 29.4% during 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 raised its position in shares of O'Reilly Automotive by 17,380.0% during 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. purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $50,930,000. Finally, Marshfield Associates purchased a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $50,729,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Shares of O'Reilly Automotive Inc (ORLY) opened at $252.38 on Wednesday. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.11. O'Reilly Automotive Inc has a 1 year low of $169.43 and a 1 year high of $279.23. The firm has a market cap of $21,168.28, a PE ratio of 21.24, a P/E/G ratio of 1.02 and a beta of 0.90.
O'Reilly Automotive declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have recently issued reports on ORLY shares. Zacks Investment Research upgraded shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research report on Wednesday, December 27th. Citigroup upped their target price on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada upgraded shares of O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, December 13th. Credit Suisse Group set a $193.00 target price on shares of O'Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, BidaskClub cut shares of O'Reilly Automotive from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. 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. The company has a consensus rating of “Buy” and an average price target of $251.05.
In related news, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $220.29, for a total value of $15,420,300.00. Following the sale, the chairman now directly owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $235.00, for a total transaction of $244,400.00. Following the completion of the transaction, the senior vice president now owns 9,255 shares in the company, valued at $2,174,925. The disclosure for this sale can be found here. Insiders sold a total of 155,815 shares of company stock worth $36,283,319 over the last three months. 3.12% of the stock is currently owned by corporate insiders.
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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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