Dynamic Technology Lab Private Ltd lifted its position in shares of O’Reilly Automotive Inc (NASDAQ:ORLY) by 38.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,753 shares of the specialty retailer’s stock after purchasing an additional 1,593 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in O’Reilly Automotive were worth $1,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its position in shares of O’Reilly Automotive by 10.0% during the third quarter. First Republic Investment Management Inc. now owns 17,130 shares of the specialty retailer’s stock worth $5,949,000 after purchasing an additional 1,552 shares in the last quarter. Bailard Inc. acquired a new position in shares of O’Reilly Automotive during the third quarter worth $201,000. Highbridge Capital Management LLC acquired a new position in shares of O’Reilly Automotive during the third quarter worth $1,682,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of O’Reilly Automotive by 5.5% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,662 shares of the specialty retailer’s stock worth $1,272,000 after purchasing an additional 191 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of O’Reilly Automotive by 42.9% during the third quarter. Riverhead Capital Management LLC now owns 20,709 shares of the specialty retailer’s stock worth $7,192,000 after purchasing an additional 6,217 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ORLY opened at $340.41 on Friday. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. The firm has a market capitalization of $27.75 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.37 and a beta of 1.10. O’Reilly Automotive Inc has a 12-month low of $217.64 and a 12-month high of $363.20.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.49 billion. Equities research analysts predict that O’Reilly Automotive Inc will post 16.1 earnings per share for the current year.

O’Reilly Automotive announced that its board has authorized a stock repurchase plan on Tuesday, November 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 12,526 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $351.06, for a total transaction of $4,397,377.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.12% of the stock is owned by insiders.

A number of research analysts have recently commented on ORLY shares. BidaskClub cut shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Jefferies Financial Group lifted their price target on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Wells Fargo & Co restated a “buy” rating and issued a $345.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price target for the company in a research note on Tuesday, November 27th. Finally, Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $310.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 11th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $343.94.

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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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, 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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