Shell Asset Management Co. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 312.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,749 shares of the specialty retailer’s stock after buying an additional 43,738 shares during the period. Shell Asset Management Co. owned about 0.07% of O’Reilly Automotive worth $8,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd purchased a new position in shares of O’Reilly Automotive during the 2nd quarter valued at about $3,667,000. Principal Financial Group Inc. raised its stake in shares of O’Reilly Automotive by 14.6% during 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 buying an additional 226,450 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of O’Reilly Automotive by 5.1% during 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 buying an additional 14,745 shares during the last quarter. BlackRock Inc. raised its stake in shares of O’Reilly Automotive by 2,327.8% during the 1st quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of O’Reilly Automotive by 28.0% during the 1st quarter. Morgan Stanley now owns 512,993 shares of the specialty retailer’s stock valued at $138,427,000 after buying an additional 112,339 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

Several equities analysts recently weighed in on ORLY shares. BidaskClub lowered O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. 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 research note on Wednesday, July 5th. Jefferies Group LLC cut their price target on O’Reilly Automotive from $302.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, July 5th. Finally, Wedbush restated a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned 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 price target of $242.74.

Shares of O’Reilly Automotive, Inc. (ORLY) traded down 1.62% on Friday, hitting $205.90. The stock had a trading volume of 1,292,003 shares. The company’s 50 day moving average is $207.97 and its 200 day moving average is $220.02. 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 cap of $18.12 billion, a PE ratio of 18.04 and a beta of 0.78.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business earned $2.65 earnings per share. O’Reilly Automotive’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that O’Reilly Automotive, Inc. will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors 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 reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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In related news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares in the company, valued at $1,887,390.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence P. Oreilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.40, for a total transaction of $987,000.00. Following the sale, the director now owns 142,754 shares in the company, valued at approximately $28,179,639.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,120 shares of company stock worth $3,684,364. 3.12% of the stock is 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.

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

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