Miles Capital Inc. boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,090 shares of the specialty retailer’s stock after acquiring an additional 2 shares during the period. Miles Capital Inc.’s holdings in O’Reilly Automotive were worth $238,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Glenview Trust Co raised its position in shares of O’Reilly Automotive by 198.6% during the 1st quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after acquiring an additional 5,536 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of O’Reilly Automotive by 8.7% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 19,708 shares of the specialty retailer’s stock valued at $5,318,000 after purchasing an additional 1,574 shares during the period. Brant Point Investment Management LLC lifted its stake in shares of O’Reilly Automotive by 18.5% in the 1st quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after purchasing an additional 4,450 shares during the period. Principal Financial Group Inc. lifted its stake in shares of O’Reilly Automotive by 14.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after purchasing an additional 226,450 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after purchasing an additional 14,745 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive, Inc. (ORLY) traded down 0.146% during trading on Monday, reaching $215.055. The company’s stock had a trading volume of 146,164 shares. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $286.57. The stock’s 50-day moving average is $201.21 and its 200 day moving average is $229.32. The company has a market cap of $18.93 billion, a P/E ratio of 18.838 and a beta of 0.78.

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, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The business 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 prior year, the firm earned $2.65 earnings per share. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive announced that its board has initiated a stock repurchase plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several research firms have recently issued reports on ORLY. J P Morgan Chase & Co restated a “neutral” rating and issued a $210.00 price target (down from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley downgraded O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $200.00 to $195.00 in a report on Thursday, July 6th. BidaskClub downgraded O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Tuesday, July 18th. They noted that the move was a valuation call. Finally, UBS AG reissued a “buy” rating and issued a $230.00 target price (down previously from $255.00) on shares of O’Reilly Automotive in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $245.30.

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 stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the transaction, the senior vice president now directly owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the completion of the transaction, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold a total of 17,080 shares of company stock worth $3,459,745 in the last three months. Insiders own 3.12% of the company’s stock.

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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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