Renaissance Group LLC lowered its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,079 shares of the specialty retailer’s stock after selling 774 shares during the period. Renaissance Group LLC owned 0.13% of O’Reilly Automotive worth $25,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ORLY. Vanguard Group Inc. increased its stake in shares of O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after buying an additional 21,454 shares during the last quarter. BlackRock Inc. increased its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. increased its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock worth $505,202,000 after buying an additional 26,678 shares in the last quarter. American Century Companies Inc. increased its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock worth $457,502,000 after buying an additional 8,988 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock worth $417,454,000 after buying an additional 9,846 shares in the last quarter. 96.68% of the stock is owned by institutional investors.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 202.28 on Monday. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 17.72 and a beta of 0.74. The firm’s 50-day moving average price is $194.10 and its 200 day moving average price is $237.67.

O’Reilly Automotive (NASDAQ:ORLY) last posted its 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 company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. O’Reilly Automotive’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 EPS. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive declared that its board has authorized a stock repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of analysts have issued reports on the company. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. BidaskClub raised O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Credit Suisse Group set a $195.00 target price on O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, July 27th. Wedbush reissued a “neutral” rating and issued a $195.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 27th. Finally, UBS AG reissued a “buy” rating and issued a $230.00 target price (down from $255.00) on shares of O’Reilly Automotive in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $242.80.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $16,298,878.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the transaction, the senior vice president now owns 9,224 shares in the company, valued at $2,017,657.76. The disclosure for this sale can be found here. Insiders sold a total of 7,080 shares of company stock worth $1,490,807 over the last quarter. 3.12% of the stock is currently owned by company insiders.

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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