OMERS ADMINISTRATION Corp purchased a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, according to its most recent filing with the SEC. The fund purchased 9,600 shares of the specialty retailer’s stock, valued at approximately $2,100,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Girard Partners LTD. increased its stake in O’Reilly Automotive by 81.0% in the second quarter. Girard Partners LTD. now owns 1,910 shares of the specialty retailer’s stock valued at $418,000 after buying an additional 855 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in O’Reilly Automotive by 1.3% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,603 shares of the specialty retailer’s stock valued at $2,101,000 after buying an additional 125 shares during the period. Pacer Advisors Inc. increased its stake in O’Reilly Automotive by 1.4% in the second quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock valued at $668,000 after buying an additional 42 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in O’Reilly Automotive by 13.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,897 shares of the specialty retailer’s stock valued at $4,790,000 after buying an additional 2,513 shares during the period. Finally, Airain ltd increased its stake in O’Reilly Automotive by 962.2% in the second quarter. Airain ltd now owns 83,488 shares of the specialty retailer’s stock valued at $18,262,000 after buying an additional 75,628 shares during the period. Hedge funds and other institutional investors own 96.68% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 198.09 on Thursday. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57. The firm has a market capitalization of $17.44 billion, a PE ratio of 17.35 and a beta of 0.74. The firm’s 50 day moving average is $194.10 and its 200 day moving average is $237.67.

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

O’Reilly Automotive declared that its board has initiated a share buyback program on Wednesday, May 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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Several analysts recently commented on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Credit Suisse Group set a $195.00 price objective on shares of O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, July 27th. Wedbush restated a “neutral” rating and set a $195.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 27th. Finally, UBS AG reaffirmed a “buy” rating and set a $230.00 price target (down from $255.00) on shares of O’Reilly Automotive in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $242.80.

In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total transaction of $212,617.60. Following the completion of the transaction, the senior vice president now directly owns 9,232 shares in the company, valued at $1,887,390.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now owns 77,562 shares of the company’s stock, valued at $16,298,878.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,080 shares of company stock worth $2,495,157. 3.12% of the stock is currently owned by insiders.

O’Reilly Automotive Company 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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