Teacher Retirement System of Texas cut its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,314 shares of the specialty retailer’s stock after selling 85 shares during the period. Teacher Retirement System of Texas’ holdings in O’Reilly Automotive were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORLY. DnB Asset Management AS bought a new position in O’Reilly Automotive during the first quarter worth $2,770,000. Capital Impact Advisors LLC raised its position in O’Reilly Automotive by 22.5% in the first quarter. Capital Impact Advisors LLC now owns 3,048 shares of the specialty retailer’s stock worth $822,000 after buying an additional 560 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in O’Reilly Automotive during the first quarter worth $207,000. State of Alaska Department of Revenue bought a new position in O’Reilly Automotive during the first quarter worth $177,000. Finally, Candriam Luxembourg S.C.A. raised its position in O’Reilly Automotive by 20.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 6,197 shares of the specialty retailer’s stock worth $1,672,000 after buying an additional 1,034 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 197.92 on Monday. The stock has a market capitalization of $17.42 billion, a P/E ratio of 17.34 and a beta of 0.74. The firm has a 50-day moving average price of $194.06 and a 200-day moving average price of $239.83. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $288.67.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 EPS. On average, analysts predict that O’Reilly Automotive, Inc. will post $11.88 EPS for the current year.

O’Reilly Automotive announced that its board has approved a stock repurchase program on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of research analysts have recently weighed in on ORLY shares. Deutsche Bank AG lowered O’Reilly Automotive from a “buy” rating to a “hold” rating and dropped their target price for the company from $315.00 to $273.00 in a report on Tuesday, April 25th. Royal Bank Of Canada dropped their target price on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 25th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, Stephens set a $315.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive presently has an average rating of “Hold” and an average price target of $242.80.

In other news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the transaction, the senior vice president now directly owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now directly owns 77,562 shares in the company, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold a total of 7,080 shares of company stock worth $1,490,807 over the last three months. Insiders own 3.12% of the company’s stock.

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

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