NuWave Investment Management LLC purchased a new position in O'Reilly Automotive Inc (NASDAQ:ORLY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 505 shares of the specialty retailer’s stock, valued at approximately $122,000.

Other institutional investors have also recently made changes to their positions in the company. Polen Capital Management LLC raised its position in O'Reilly Automotive by 29.4% in the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock worth $575,581,000 after buying an additional 607,076 shares during the last quarter. Principal Financial Group Inc. raised its position in O'Reilly Automotive by 45.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock worth $556,331,000 after buying an additional 809,647 shares during the last quarter. Bank of New York Mellon Corp raised its position in O'Reilly Automotive by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,206,233 shares of the specialty retailer’s stock worth $259,787,000 after buying an additional 52,715 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in O'Reilly Automotive by 3.1% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 847,025 shares of the specialty retailer’s stock worth $182,424,000 after buying an additional 25,272 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in O'Reilly Automotive by 12.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 578,589 shares of the specialty retailer’s stock worth $139,174,000 after buying an additional 62,869 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

In related news, SVP Jeremy Adam Fletcher sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the sale, the senior vice president now directly owns 10,900 shares of the company’s stock, valued at approximately $2,997,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now directly owns 135,776 shares of the company’s stock, valued at $29,910,095.04. The disclosure for this sale can be found here. Insiders sold a total of 153,680 shares of company stock valued at $35,748,242 over the last three months. 3.12% of the stock is currently owned by insiders.

Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) opened at $247.55 on Thursday. The stock has a market cap of $20,680.17, a P/E ratio of 20.75, a P/E/G ratio of 1.00 and a beta of 0.90. O'Reilly Automotive Inc has a fifty-two week low of $169.43 and a fifty-two week high of $279.23. The company has a quick ratio of 0.11, a current ratio of 0.93 and a debt-to-equity ratio of 4.56.

O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.12. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. analysts predict that O'Reilly Automotive Inc will post 15.44 earnings per share for the current fiscal year.

O'Reilly Automotive announced that its board has initiated a stock buyback program on Wednesday, February 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

A number of brokerages have weighed in on ORLY. Robert W. Baird boosted their target price on O'Reilly Automotive from $230.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Jefferies Group reissued a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a research report on Friday, February 9th. Citigroup upped their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group upped their price target on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. They noted that the move was a valuation call. Finally, Stephens set a $300.00 price target on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $251.05.

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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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