Cobblestone Capital Advisors LLC NY lessened its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 24.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,735 shares of the specialty retailer’s stock after selling 575 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in O’Reilly Automotive were worth $374,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in O’Reilly Automotive by 9.1% in the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after acquiring an additional 520,626 shares during the period. Vanguard Group Inc. grew its stake in O’Reilly Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after acquiring an additional 66,172 shares during the period. JPMorgan Chase & Co. grew its stake in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after acquiring an additional 1,251,237 shares during the period. Principal Financial Group Inc. grew its stake in O’Reilly Automotive by 45.7% in the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after acquiring an additional 809,647 shares during the period. Finally, Polen Capital Management LLC grew its stake in O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after acquiring an additional 543,664 shares during the period. 97.98% of the stock is owned by hedge funds and other institutional investors.

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Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up $3.34 during trading on Monday, reaching $214.43. The company had a trading volume of 851,000 shares, compared to its average volume of 1,332,907. The company has a market capitalization of $18,232.49, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.27 and a beta of 0.80. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. O’Reilly Automotive’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. research analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback plan on Friday, September 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 72,562 shares in the company, valued at $14,575,528.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,620 shares of company stock worth $2,959,471. Corporate insiders own 3.12% of the company’s stock.

A number of brokerages have commented on ORLY. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating and issued a $220.00 price objective on shares of O’Reilly Automotive in a research note on Friday, October 27th. Wedbush reissued a “neutral” rating and issued a $195.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 27th. BidaskClub raised O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group set a $195.00 price objective on O’Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $243.48.

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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