Allegis Investment Advisors LLC raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 93.5% during the second quarter, Holdings Channel reports. The firm owned 3,828 shares of the specialty retailer’s stock after buying an additional 1,850 shares during the period. Allegis Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ORLY. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock valued at $1,628,852,000 after buying an additional 21,454 shares in the last quarter. BlackRock Inc. raised its stake in O’Reilly Automotive by 2,327.8% in 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 in the last quarter. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares in the last quarter. American Century Companies Inc. raised its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock valued at $417,454,000 after buying an additional 9,846 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

Shares of O’Reilly Automotive, Inc. (ORLY) opened at 198.03 on Wednesday. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $288.67. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 17.35 and a beta of 0.74. The stock has a 50 day moving average of $195.63 and a 200 day moving average of $240.85.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company posted $2.65 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post $11.88 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a share buyback program on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

WARNING: This piece was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/allegis-investment-advisors-llc-acquires-1850-shares-of-oreilly-automotive-inc-orly/1495429.html.

ORLY has been the topic of several analyst reports. Stephens set a $315.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, April 27th. Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Monday, April 24th. Jefferies Group LLC restated a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Finally, UBS AG restated a “buy” rating and set a $255.00 price target (down previously from $320.00) on shares of O’Reilly Automotive in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $242.80.

In other news, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following 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. Over the last ninety days, insiders have sold 32,080 shares of company stock worth $7,754,807. Corporate 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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY).

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

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.