First Allied Advisory Services Inc. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 29.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,391 shares of the specialty retailer’s stock after buying an additional 544 shares during the period. First Allied Advisory Services Inc.’s holdings in O’Reilly Automotive were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLY. BlackRock Inc. boosted its position in O’Reilly Automotive by 2,327.8% during the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of O’Reilly Automotive by 66.8% during the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares during the period. Waddell & Reed Financial Inc. boosted its holdings in shares of O’Reilly Automotive by 188.5% during the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after purchasing an additional 917,800 shares during the period. Polen Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 35.7% during the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after purchasing an additional 543,664 shares during the period. Finally, Vontobel Asset Management Inc. purchased a new stake in shares of O’Reilly Automotive during the second quarter worth about $119,025,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 212.16 on Thursday. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57. The company has a 50-day moving average of $204.05 and a 200-day moving average of $224.90. The company has a market capitalization of $18.67 billion, a P/E ratio of 18.58 and a beta of 0.78.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has authorized a stock repurchase program on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of research firms have recently weighed in on ORLY. Bank of America Corporation reiterated a “buy” rating and set a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Credit Suisse Group set a $195.00 target price on shares of O’Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $242.21.

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In other news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the sale, the senior vice president now owns 9,238 shares of the company’s stock, valued at approximately $1,821,641.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.40, for a total transaction of $987,000.00. Following the completion of the sale, the director now directly owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,684,364 in the last ninety days. Corporate insiders own 3.12% of the company’s stock.

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

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