Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,897 shares of the specialty retailer’s stock after buying an additional 2,513 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in O’Reilly Automotive were worth $4,790,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $177,000. Candriam Luxembourg S.C.A. raised its stake in shares of 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 during the last quarter. BTIM Corp. raised its stake in shares of O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock worth $2,286,000 after buying an additional 26 shares during the last quarter. Korea Investment CORP raised its stake in shares of O’Reilly Automotive by 7.6% in the first quarter. Korea Investment CORP now owns 23,464 shares of the specialty retailer’s stock worth $6,332,000 after buying an additional 1,652 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of O’Reilly Automotive by 405.8% in the first quarter. Acadian Asset Management LLC now owns 3,404 shares of the specialty retailer’s stock worth $919,000 after buying an additional 2,731 shares during the last quarter. 96.68% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 202.28 on Monday. The stock’s 50 day moving average price is $194.10 and its 200 day moving average price is $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 issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current fiscal year.

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

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A number of analysts have recently issued reports on ORLY shares. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Wedbush lowered O’Reilly Automotive from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $310.00 to $260.00 in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Thursday, June 8th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $262.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued 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 an average rating of “Hold” and an average target price of $242.80.

In related news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction 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 approximately $1,887,390.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the transaction, the director now owns 77,562 shares of the company’s stock, valued at $16,298,878.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,080 shares of company stock valued at $1,490,807. 3.12% of the stock is currently owned by insiders.

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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