Zurcher Kantonalbank Zurich Cantonalbank lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,686 shares of the specialty retailer’s stock after selling 2,166 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in O’Reilly Automotive were worth $3,869,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of O’Reilly Automotive by 1.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock valued at $668,000 after buying an additional 42 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of O’Reilly Automotive by 13.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,897 shares of the specialty retailer’s stock worth $4,790,000 after acquiring an additional 2,513 shares in the last quarter. Airain ltd boosted its position in shares of O’Reilly Automotive by 962.2% during the 2nd quarter. Airain ltd now owns 83,488 shares of the specialty retailer’s stock worth $18,262,000 after acquiring an additional 75,628 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of O’Reilly Automotive by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the specialty retailer’s stock worth $181,000 after acquiring an additional 96 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of O’Reilly Automotive by 10.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 1,117 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.

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Several research analysts have recently issued reports on the company. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Robert W. Baird reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a research note on Friday. Wedbush reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Finally, Morgan Stanley downgraded O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $200.00 to $195.00 in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $242.80.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 196.99 on Monday. The firm’s 50-day moving average is $197.00 and its 200 day moving average is $235.08. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week 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 quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping 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 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 earned $2.65 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

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

In related news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were 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 owns 9,232 shares of the company’s stock, valued at $1,887,390.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the transaction, the director now directly owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold 12,080 shares of company stock valued at $2,495,157 in the last three months. 3.12% of the stock is 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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