Advisor Partners LLC decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,345 shares of the specialty retailer’s stock after selling 151 shares during the period. Advisor Partners LLC’s holdings in O’Reilly Automotive were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares in the last quarter. Cypress Wealth Advisors LLC increased its position in O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after buying an additional 11 shares in the last quarter. Genesee Valley Trust Co. increased its position in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock worth $1,257,000 after buying an additional 14 shares in the last quarter. Intellectus Partners LLC increased its position in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock worth $460,000 after buying an additional 19 shares in the last quarter. Finally, BTIM Corp. increased its position in O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock worth $2,286,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) opened at 198.91 on Friday. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 17.42 and a beta of 0.74. The firm has a 50-day moving average of $197.02 and a 200 day moving average of $242.17. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $288.67.

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

O’Reilly Automotive declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have recently weighed in on the stock. UBS AG downgraded shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday. Susquehanna Bancshares Inc restated a “neutral” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Tuesday, June 20th. Jefferies Group LLC restated a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $242.80.

In other news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares in the company, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold 32,080 shares of company stock worth $7,754,807 over the last ninety days. Insiders own 3.12% of the company’s stock.

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.

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

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