O’Reilly Automotive Inc (ORLY) Shares Bought by HL Financial Services LLC

HL Financial Services LLC grew its stake in O’Reilly Automotive Inc (NASDAQ:ORLY) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,556 shares of the specialty retailer’s stock after purchasing an additional 6,791 shares during the period. O’Reilly Automotive comprises approximately 2.3% of HL Financial Services LLC’s investment portfolio, making the stock its 11th largest position. HL Financial Services LLC owned 0.47% of O’Reilly Automotive worth $128,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ORLY. Whittier Trust Co. lifted its position in shares of O’Reilly Automotive by 100.0% in the 4th quarter. Whittier Trust Co. now owns 200 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of O’Reilly Automotive by 115.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,467 shares of the specialty retailer’s stock worth $6,703,000 after purchasing an additional 10,439 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of O’Reilly Automotive by 3.2% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,508 shares of the specialty retailer’s stock worth $3,963,000 after purchasing an additional 353 shares during the period. Mackenzie Financial Corp lifted its position in shares of O’Reilly Automotive by 573.6% in the 4th quarter. Mackenzie Financial Corp now owns 12,348 shares of the specialty retailer’s stock worth $4,252,000 after purchasing an additional 10,515 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of O’Reilly Automotive by 39.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 54,299 shares of the specialty retailer’s stock worth $18,695,000 after purchasing an additional 15,230 shares during the period. Institutional investors own 93.21% of the company’s stock.

In related news, Director Jay D. Burchfield sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $375.92, for a total value of $563,880.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $374.37, for a total transaction of $18,718,500.00. Following the completion of the transaction, the chairman now directly owns 65,922 shares in the company, valued at $24,679,219.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,115 shares of company stock valued at $20,639,270. Company insiders own 3.07% of the company’s stock.

ORLY has been the subject of a number of recent research reports. BidaskClub lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Wolfe Research lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, October 26th. Wells Fargo & Co boosted their price target on shares of O’Reilly Automotive from $345.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Jefferies Financial Group boosted their price target on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price target for the company in a research note on Thursday, December 20th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $357.50.

NASDAQ ORLY opened at $388.00 on Monday. O’Reilly Automotive Inc has a 1 year low of $217.64 and a 1 year high of $388.51. The company has a debt-to-equity ratio of 9.66, a current ratio of 0.91 and a quick ratio of 0.09. The firm has a market capitalization of $31.08 billion, a PE ratio of 24.10, a PEG ratio of 1.38 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that O’Reilly Automotive Inc will post 17.79 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

WARNING: “O’Reilly Automotive Inc (ORLY) Shares Bought by HL Financial Services LLC” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2019/02/18/oreilly-automotive-inc-orly-shares-bought-by-hl-financial-services-llc.html.

O’Reilly Automotive Company 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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Featured Story: What is the S&P 500 Index?

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

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



Leave a Reply