JPMorgan Chase & Co. increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 66.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,123,465 shares of the specialty retailer’s stock after buying an additional 1,251,237 shares during the period. JPMorgan Chase & Co. owned about 3.55% of O’Reilly Automotive worth $683,226,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORLY. 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 worth $103,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC increased its position 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 worth $105,000 after buying an additional 5 shares in the last quarter. Parkside Financial Bank & Trust increased 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 worth $112,000 after buying an additional 5 shares in the last quarter. FTB Advisors Inc. increased 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 worth $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of O’Reilly Automotive during the first quarter worth $177,000. Institutional investors and hedge funds own 96.68% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up 0.44% during trading on Friday, hitting $196.99. The company had a trading volume of 1,460,723 shares. The stock has a 50-day moving average of $197.00 and a 200-day moving average of $235.08. O’Reilly Automotive, Inc. has a one year low of $169.43 and a one year high of $286.57. The stock has a market capitalization of $17.34 billion, a PE ratio of 17.26 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $2.65 EPS. O’Reilly Automotive’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock 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 usually a sign that the company’s leadership believes its stock is undervalued.

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A number of research analysts have recently weighed in on ORLY shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and lowered their price target for the company from $262.00 to $210.00 in a report on Thursday, July 6th. Credit Suisse Group downgraded O’Reilly Automotive from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $262.00 to $195.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, Royal Bank Of Canada lowered their price target on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive 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 firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the sale, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the sale, 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. Insiders sold a total of 12,080 shares of company stock valued at $2,495,157 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.

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

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