WASHINGTON TRUST Co purchased a new stake in O’Reilly Automotive Inc (NASDAQ:ORLY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,754 shares of the specialty retailer’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cedar Wealth Management LLC bought a new position in shares of O’Reilly Automotive in the 4th quarter valued at $25,000. Penserra Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 86.7% in the 4th quarter. Penserra Capital Management LLC now owns 84 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 39 shares during the last quarter. Ellevest Inc. lifted its stake in shares of O’Reilly Automotive by 100.0% in the 1st quarter. Ellevest Inc. now owns 88 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Great Diamond Partners LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $42,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at $43,000. Institutional investors own 84.93% of the company’s stock.

O’Reilly Automotive stock opened at $407.12 on Friday. O’Reilly Automotive Inc has a 52 week low of $251.51 and a 52 week high of $454.31. The company’s 50 day moving average price is $356.46 and its two-hundred day moving average price is $399.46. The company has a quick ratio of 0.14, a current ratio of 0.91 and a debt-to-equity ratio of 56.35. The stock has a market cap of $29.59 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.91 and a beta of 1.05.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 22nd. The specialty retailer reported $3.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.11. O’Reilly Automotive had a net margin of 13.41% and a return on equity of 670.84%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the firm earned $4.05 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that O’Reilly Automotive Inc will post 16.26 EPS for the current year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other O’Reilly Automotive news, CEO Gregory D. Johnson sold 3,374 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the transaction, the chief executive officer now owns 7,734 shares of the company’s stock, valued at approximately $3,095,920.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Lee Tarrant sold 9,166 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $376.17, for a total transaction of $3,447,974.22. Following the transaction, the senior vice president now directly owns 1,478 shares in the company, valued at approximately $555,979.26. The disclosure for this sale can be found here. 2.43% of the stock is owned by company insiders.

A number of analysts recently weighed in on the company. Wedbush increased their price objective on O’Reilly Automotive from $300.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Oppenheimer restated a “hold” rating on shares of O’Reilly Automotive in a report on Friday, April 24th. Nomura Securities decreased their price objective on O’Reilly Automotive from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Royal Bank of Canada increased their price target on O’Reilly Automotive from $330.00 to $409.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Credit Suisse Group decreased their price target on O’Reilly Automotive from $418.00 to $354.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $401.44.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; 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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