Utah Retirement Systems lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,395 shares of the specialty retailer’s stock after selling 900 shares during the period. Utah Retirement Systems’ holdings in O’Reilly Automotive were worth $3,586,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake 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 in the last quarter. Proficio Capital Partners LLC increased its stake in shares of O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 5 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in shares of O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 11 shares in the last quarter. Genesee Valley Trust Co. increased its stake in shares of O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares in the last quarter. Finally, Intellectus Partners LLC increased its stake in shares of O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 197.02 on Wednesday. The firm has a 50-day moving average of $194.10 and a 200 day moving average of $237.67. The firm has a market capitalization of $17.34 billion, a PE ratio of 17.26 and a beta of 0.74. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

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

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Several research firms recently commented on ORLY. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reduced their price target on shares of O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, July 20th. Finally, Bank of America Corporation downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price target for the company from $325.00 to $200.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $242.80.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the transaction, the director now owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders have sold 12,080 shares of company stock worth $2,495,157 in the last ninety days. 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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