Marathon Partners Equity Management LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,500 shares of the specialty retailer’s stock, valued at approximately $3,554,000. O’Reilly Automotive makes up about 1.6% of Marathon Partners Equity Management LLC’s holdings, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Monetary Management Group Inc. grew its holdings in shares of O’Reilly Automotive by 16.3% during the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares in the last quarter. Barrett Asset Management LLC grew its holdings in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 340 shares during the period. NEXT Financial Group Inc purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $100,000. Amica Retiree Medical Trust purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $107,000. Finally, Proficio Capital Partners LLC grew its holdings in O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 5 shares during the period. Institutional investors and hedge funds own 88.56% of the company’s stock.

In other news, SVP Jeremy Adam Fletcher sold 750 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $215.11, for a total transaction of $161,332.50. Following the transaction, the senior vice president now directly owns 1,640 shares of the company’s stock, valued at $352,780.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total transaction of $224,619.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,945 shares of company stock worth $33,756,392. 3.12% of the stock is currently owned by corporate insiders.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at $245.83 on Thursday. The firm has a market cap of $21,274.78, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.10 and a current ratio of 0.93. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. O’Reilly Automotive’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 earnings per share. equities research analysts predict that O’Reilly Automotive, Inc. will post 11.91 EPS for the current year.

O’Reilly Automotive declared that its board has approved a share repurchase program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts recently issued reports on the stock. Moffett Nathanson assumed coverage on shares of O’Reilly Automotive in a report on Monday. They issued a “buy” rating for the company. Citigroup boosted their target price on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $220.00 target price on shares of O’Reilly Automotive in a report on Friday, October 27th. Credit Suisse Group set a $193.00 target price on shares of O’Reilly Automotive and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Oppenheimer set a $220.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $243.48.

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About O’Reilly Automotive

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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