Simmons Bank lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,525 shares of the specialty retailer’s stock after selling 237 shares during the quarter. O’Reilly Automotive comprises about 4.8% of Simmons Bank’s holdings, making the stock its 3rd largest holding. Simmons Bank owned 0.22% of O’Reilly Automotive worth $42,551,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brant Point Investment Management LLC increased its holdings in shares of O’Reilly Automotive by 18.5% in the first 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 last quarter. Principal Financial Group Inc. increased its holdings in shares of O’Reilly Automotive by 14.6% in the second 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 last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of O’Reilly Automotive by 5.1% in the second 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 last quarter. BlackRock Inc. increased its holdings in shares of 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 valued at $1,536,105,000 after purchasing an additional 5,458,171 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of O’Reilly Automotive by 28.0% in the first quarter. Morgan Stanley now owns 512,993 shares of the specialty retailer’s stock valued at $138,427,000 after purchasing an additional 112,339 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the transaction, the director now directly owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total transaction of $224,619.20. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock valued at $3,684,364 in the last 90 days. 3.12% of the stock is currently owned by company insiders.

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O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up 0.83% during midday trading on Friday, reaching $212.94. The company’s stock had a trading volume of 730,343 shares. The stock has a market capitalization of $18.74 billion, a PE ratio of 18.65 and a beta of 0.78. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The firm’s 50-day moving average price is $204.68 and its 200-day moving average price is $224.37.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion during 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. On average, analysts anticipate that O’Reilly Automotive, Inc. will post $11.87 earnings per share for the current year.

O’Reilly Automotive declared that its board has initiated a share buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts recently commented on the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $262.00 price target on shares of O’Reilly Automotive in a report on Wednesday, June 14th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a report on Tuesday, June 20th. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Raymond James Financial, Inc. cut their price target on O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. O’Reilly Automotive has an average rating of “Hold” and a consensus target price of $242.21.

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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