Cubist Systematic Strategies LLC lowered its position in O'Reilly Automotive Inc (NASDAQ:ORLY) by 40.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,801 shares of the specialty retailer’s stock after selling 3,985 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in O'Reilly Automotive were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Matrix Capital Management Company LP purchased a new position in O'Reilly Automotive in the second quarter worth approximately $26,905,000. BlueCrest Capital Management Ltd purchased a new position in O'Reilly Automotive in the second quarter worth approximately $3,667,000. Gotham Asset Management LLC lifted its stake in O'Reilly Automotive by 1,911.8% in the second quarter. Gotham Asset Management LLC now owns 94,193 shares of the specialty retailer’s stock worth $20,604,000 after acquiring an additional 89,511 shares during the last quarter. Monetary Management Group Inc. lifted its stake in O'Reilly Automotive by 16.3% in the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after acquiring an additional 65 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in O'Reilly Automotive by 60.1% in the second quarter. Janus Henderson Group PLC now owns 233,089 shares of the specialty retailer’s stock worth $50,986,000 after acquiring an additional 87,505 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

O'Reilly Automotive (NASDAQ:ORLY) last announced 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 return on equity of 98.99% and a net margin of 12.35%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business posted $2.65 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.

O'Reilly Automotive declared that its Board of Directors has initiated a stock 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 purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of research analysts recently issued reports on the stock. UBS AG downgraded shares of O'Reilly Automotive from a “positive” rating to a “neutral” rating in a research note 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 note on Tuesday, June 20th. Oppenheimer Holdings, Inc. decreased 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 note on Thursday, July 20th. Bank of America Corporation downgraded shares of O'Reilly Automotive from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $325.00 to $200.00 in a research note on Friday, July 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $190.00 price target (down previously from $272.00) on shares of O'Reilly Automotive in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $242.21.

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In related news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction 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 in the company, valued at $1,887,390.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold 18,120 shares of company stock worth $3,684,364 over the last 90 days. 3.12% of the stock is currently owned by company insiders.

O'Reilly Automotive 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.

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

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