KBC Group NV raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,266 shares of the specialty retailer’s stock after buying an additional 702 shares during the period. KBC Group NV’s holdings in O’Reilly Automotive were worth $2,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nikko Asset Management Americas Inc. acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust boosted its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the last quarter. Barrett Asset Management LLC boosted its position in shares of O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 202.28 on Friday. The stock has a 50 day moving average of $194.10 and a 200 day moving average of $237.67. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of 17.72 and a beta of 0.74. 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 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 business 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $2.65 earnings per share. Equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a share buyback plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several brokerages recently commented on ORLY. UBS AG cut shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, August 9th. Wedbush reiterated a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $200.00 to $195.00 in a research note on Thursday, July 6th. Finally, Bank of America Corporation cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and cut their price target for the company from $325.00 to $200.00 in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of “Hold” and an average target price of $242.80.

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

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.

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

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