Ellington Management Group LLC Sells 9,700 Shares of O'Reilly Automotive Inc (ORLY)
Ellington Management Group LLC lowered its holdings in shares of O'Reilly Automotive Inc (NASDAQ:ORLY) by 80.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the specialty retailer’s stock after selling 9,700 shares during the quarter. Ellington Management Group LLC’s holdings in O'Reilly Automotive were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in ORLY. NEXT Financial Group Inc bought a new position in O'Reilly Automotive in the 3rd quarter worth $100,000. Amica Retiree Medical Trust bought a new position in O'Reilly Automotive in the 3rd quarter worth $107,000. NuWave Investment Management LLC bought a new position in O'Reilly Automotive in the 4th quarter worth $122,000. Fieldpoint Private Securities LLC bought a new position in O'Reilly Automotive in the 3rd quarter worth $141,000. Finally, Capital Guardian Trust Co. bought a new position in O'Reilly Automotive in the 3rd quarter worth $157,000. Institutional investors and hedge funds own 88.62% of the company’s stock.
Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) opened at $250.82 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.93 and a debt-to-equity ratio of 4.56. The stock has a market cap of $20,844.09, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. O'Reilly Automotive Inc has a 12-month low of $169.43 and a 12-month high of $279.23.
O'Reilly Automotive announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, Director John Raymond Murphy sold 400 shares of O'Reilly Automotive stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $245.17, for a total transaction of $98,068.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of O'Reilly Automotive stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $241.34, for a total transaction of $250,993.60. Following the sale, the senior vice president now owns 9,263 shares in the company, valued at $2,235,532.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,775 shares of company stock worth $7,784,074. 3.12% of the stock is owned by company insiders.
Several research analysts recently commented on the stock. BidaskClub upgraded shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Credit Suisse Group lifted their target price on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. They noted that the move was a valuation call. Stephens set a $300.00 target price on shares of O'Reilly Automotive and gave the stock a “buy” rating in a report on Wednesday, January 17th. Jefferies Group reiterated a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a report on Friday, February 9th. Finally, Citigroup lifted their target price on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $251.05.
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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