IFP Advisors Inc Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

IFP Advisors Inc lessened its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 19.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,704 shares of the specialty retailer’s stock after selling 404 shares during the quarter. IFP Advisors Inc’s holdings in O’Reilly Automotive were worth $872,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in shares of O’Reilly Automotive by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the specialty retailer’s stock worth $4,007,000 after buying an additional 200 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of O’Reilly Automotive by 16.8% in the fourth quarter. Toronto Dominion Bank now owns 41,032 shares of the specialty retailer’s stock valued at $18,570,000 after purchasing an additional 5,909 shares during the period. Ninety One UK Ltd grew its holdings in shares of O’Reilly Automotive by 3.1% in the fourth quarter. Ninety One UK Ltd now owns 44,709 shares of the specialty retailer’s stock valued at $20,234,000 after purchasing an additional 1,333 shares during the period. Canandaigua National Corp purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $1,551,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of O’Reilly Automotive by 48.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,307 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 752 shares during the period. 82.00% of the stock is owned by institutional investors and hedge funds.

Shares of O’Reilly Automotive stock opened at $559.83 on Wednesday. The firm has a market capitalization of $39.14 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.44 and a beta of 0.98. O’Reilly Automotive, Inc. has a 52 week low of $377.27 and a 52 week high of $568.63. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 5.81. The firm’s 50 day moving average is $526.17 and its two-hundred day moving average is $473.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Tuesday, April 27th. The specialty retailer reported $7.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.47 by $1.59. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.80 billion. O’Reilly Automotive had a net margin of 14.96% and a return on equity of 373.35%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.97 earnings per share. As a group, research analysts expect that O’Reilly Automotive, Inc. will post 23.13 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of brokerages recently issued reports on ORLY. Citigroup began coverage on shares of O’Reilly Automotive in a report on Monday, March 15th. They issued a “neutral” rating and a $493.00 price objective for the company. UBS Group upped their target price on shares of O’Reilly Automotive from $540.00 to $590.00 and gave the company a “buy” rating in a research report on Thursday, April 29th. Stephens upped their target price on shares of O’Reilly Automotive from $530.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, March 26th. Oppenheimer reaffirmed a “buy” rating and issued a $555.00 target price on shares of O’Reilly Automotive in a research report on Thursday, February 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of O’Reilly Automotive in a research report on Monday, March 15th. They issued a “neutral” rating and a $493.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $529.70.

In other news, CFO Thomas Mcfall sold 11,140 shares of the firm’s stock in a transaction that occurred on Thursday, March 25th. The shares were sold at an average price of $487.49, for a total transaction of $5,430,638.60. Following the transaction, the chief financial officer now directly owns 16,902 shares in the company, valued at $8,239,555.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $450.00, for a total transaction of $157,500.00. The disclosure for this sale can be found here. Insiders sold 104,960 shares of company stock worth $55,041,604 over the last quarter. 2.43% of the stock is currently owned by insiders.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including 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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