Edge Advisors LLC boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 27.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,277 shares of the specialty retailer’s stock after purchasing an additional 1,343 shares during the quarter. Edge Advisors LLC’s holdings in O’Reilly Automotive were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ORLY. Eqis Capital Management Inc. raised its stake in O’Reilly Automotive by 41.6% in the second quarter. Eqis Capital Management Inc. now owns 1,168 shares of the specialty retailer’s stock valued at $255,000 after purchasing an additional 343 shares in the last quarter. LS Investment Advisors LLC grew its position in O’Reilly Automotive by 7.7% during the second quarter. LS Investment Advisors LLC now owns 2,694 shares of the specialty retailer’s stock valued at $589,000 after acquiring an additional 193 shares during the last quarter. BTIM Corp. grew its position in O’Reilly Automotive by 38.8% during the second quarter. BTIM Corp. now owns 11,755 shares of the specialty retailer’s stock valued at $2,571,000 after acquiring an additional 3,284 shares during the last quarter. Hermes Investment Management Ltd. grew its position in O’Reilly Automotive by 1.6% during the second quarter. Hermes Investment Management Ltd. now owns 179,084 shares of the specialty retailer’s stock valued at $39,173,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC grew its position in O’Reilly Automotive by 1,394.4% during the second quarter. Quantitative Systematic Strategies LLC now owns 11,701 shares of the specialty retailer’s stock valued at $2,528,000 after acquiring an additional 10,918 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the transaction, the director now owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Mcfall sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,345 shares of company stock worth $7,055,572. 3.12% of the stock is currently owned by company insiders.

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O’Reilly Automotive, Inc. (ORLY) traded down $0.11 during trading hours on Tuesday, reaching $220.38. 710,000 shares of the company traded hands, compared to its average volume of 1,317,654. The company has a market capitalization of $18,810.00, a PE ratio of 19.16, a P/E/G ratio of 1.30 and a beta of 0.80. O’Reilly Automotive, Inc. has a twelve month low of $169.43 and a twelve month high of $286.57. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.72.

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

O’Reilly Automotive declared that its Board of Directors has approved a stock repurchase plan on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

A number of research analysts have commented on the stock. UBS AG reiterated a “buy” rating and set a $240.00 price target (up from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. Robert W. Baird reiterated a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Credit Suisse Group set a $193.00 price target on shares of O’Reilly Automotive and gave the company a “hold” rating in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. set a $220.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Hold” and a consensus target price of $243.48.

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.

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

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